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GOLD is continuing its bullish momentum and there are no signal of weakness where 50500- 50600 is an immediate target levels - Swastika Investmart
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COMMODITY OUTLOOK
News in headlines:
Oil falls on prospect of Iran oil sanctions easing
Asian refiners eager to resume Iranian oil imports as high prices bite
Europe and Mideast crude premiums soar, with few options for buyers
Chart of the day:
GOLD: GOLD is continuing its bullish momentum and there are no signal of weakness where 50500- 50600 is an immediate target levels. On the downside 49900-49800 intraday and immediate support levels. While below 49700 lead further weakness toward 49400-49200 levels.
Technical View:
Bullion: Day trend is indicating uptrend in Gold & Silver.
Energy: Day trend is indicating sideways in Crude oil & Natural gas.
Base metals: Day trend in base metal is indicating sideways to upside
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