Gold Slips as Risk Appetite Improves, Copper Hits 5-Week High - Swastika Investmart
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Daily Commodity Market Updates
News in headlines:
* Gold Slips as Risk Appetite Improves, Copper Hits 5-Week High
* Oil falls on demand concerns, greater supply
* Oil Edges Lower, But Underpinned Above $90 by Soft U.S. CPI
COPPER:
COPPER is continuing its bullish momentum and there are no signal of weakness where 680 is an immediate target level. On the downside 663 intraday and immediate support level. While below 663 lead further weakness toward 660-655 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 is indicating sideways to upside in all base metals.
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