GOLD is consolidating in the range of 50500-51000 - Swastika Investmart
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Daily Commodity Market Updates
News in headline:
* Oil prices take breather after three-day rally
* PetroChina may sell Australian, Canadian assets to stem losses - sources
* Oil Inventories Fell by 3.8M Barrels Last Week: API
Chart of the day:
GOLD:
GOLD is consolidating in the range of 50500-51000 where move above 51000 can lead some upside towards 51200-51350 while if it slips below 50500 it may head towards 50300-50100 zone
Technical View:
* Bullion: Day trend is indicating sideways in Gold & Silver.
* Energy: Day trend is indicating uptrend in Crude oil & Natural gas.
* Base metals: Day trend in base metal is sideways to upside.
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