IGI Logo

COMMODITY TECHNICAL OUTLOOK

Oil Edges Higher as Wild Market Recovers Following Huge Slump

UAE says it is committed to OPEC+ agreement, monthly mechanism

Oil jumps after UAE says it is committed to OPEC+ supply pact

Chart of the day:

GOLD: GOLD witnessing the sharp selling pressure where 10 DMA which is currently placed around 52080 level but it starts to trade below this level then we can expect further weakness towards 20 DMA which is currently placed at 50900. On the upside 54000-54100 will act as an immediate hurdle while 53700-53600 has become a critical supply zone.

Technical View:

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

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

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

To Read Complete Report & Disclaimer Click Here

Please refer disclaimer at https://www.swastika.co.in/disclaimer

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer