Energy: Day trend is indicating uptrend in Crude oil & sideways in Natural gas - Swastika Investmart
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COMMODITY OUTLOOK
DAILY COMMODITY MARKET UPDATES
NEWS IN HEADLINE
* Oil treads water ahead of OPEC meeting, nonfarm payrolls
* Oil prices rise as market awaits possible OPEC+ cuts
* Gold, copper see mild pullback as nonfarm payrolls data approaches
CHART OF THE DAY
SILVER: SILVER is continuing its bullish momentum, and there are no signals of weakness where 72000 is an immediate target level. On the downside, the 71200 intraday and immediate support level while below 71000 leads to further weakness towards the 70800 zone, above 72000 may test 72300-72500 levels
OUTLOOK:
* Bullion: Day trend is indicating to sideways to upside in Gold &Silver.
* Energy: Day trend is indicating uptrend in Crude oil & sideways in Natural gas
* Base metals: Day trend is indicating sideways in all base metals.
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