Energy: Day trend is indicating uptrend in Crude oil & Natural gas - Swastika Investmart Ltd
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COMMODITY OUTLOOK
DAILY COMMODITY MARKET UPDATES
NEWS IN HEADLINE
* Oil creeps lower before more cues on U.S. debt ceiling, economic health
* Oil prices ease after U.S. oil stock build
* Gold treads water ahead of more Fed cues, copper up from 5-month low
CHART OF THE DAY
CRUDEOIL: CRUDEOIL has given positive close above 6000 on yesterday’s trading session. Where 5900 will be the first support area while 5850 are the next critical support levels. On the upside 6100 level minor hurdle above this we can expect 6150-6250 level.
OUTLOOK
* Bullion: Day trend is indicating to downtrend in Gold &Silver.
* Energy: Day trend is indicating uptrend in Crude oil & Natural gas
* Base metals: Day trend is indicating downtrend in all base metals.
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