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COMMODITY OUTLOOK

DAILY COMMODITY MARKET UPDATES

NEWS IN HEADLINE :

* Oil prices rebound tracking weak dollar, tighter supply outlook

* Oil up as supply tightness view offsets concerns from rate hikes

* Gold prices rise as dollar dips after Fed hikes rates

CHART OF THE DAY

NATURALGAS: NATURALGAS is consolidating in the range of 210–232, where a move above 225 can lead some upside towards 230–232, while if it slips below 210, it may head towards the 208–205 zone. On either side, move above only when it successfully closes above 235 or below 205 levels.

OUTLOOK:

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

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

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

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