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COMMODITY OUTLOOK

News in headlines:

* Oil edges higher on tight supply and post-pandemic recovery

* Biden tells emir he will make Qatar major non-NATO ally

* Oklahoma's oil regulator to shut some disposal wells following large quake

Chart of the day:

GOLD: GOLD is consolidating in the range of 47500-47750 where move above 47750 can lead some upside towards 48000-48100 while if it slips below 47500 it may head towards 47300-47200 levels

Technical View:

* Bullion: Day trend is indicating downtrend in Gold & Silver.

* Energy: Day trend is indicating uptrend in Crude oil & Natural gas.

* Base metals: Day trend in base metal is indicating to sideways to upside.

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