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Daily Commodity Market Updates

News in headlines:

* Biden administration talks with energy firms as it seeks to balance oil prices-sources

* Oil Prices Tread Water Between Tightening Supply, Recession Fears

* Oil prices steady on U.S. dollar weakness; recession fears weigh

Chart of the day:

GOLD: GOLD is consolidating in the range of 50700-50200 where move above 50700 can lead some upside towards 50900-51200 while if it slips below 50200 it may head towards 50000-498000 zone.

Technical View:

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

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

* Base metals: Day trend is indicating sideways to downside in all base metals.

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