Natural Gas is witnessing a pullback from important support zone of 175-170 - Swastika Investmart
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COMMODITY OUTLOOK
DAILY COMMODITY MARKET UPDATES
NEWS IN HEADLINE:
* Oil prices rise on potential for deeper Russian supply cut
* Oil prices edge higher, pause from six-day losing streak
* Gold prices pressured by dollar strength, hawkish Fed risks
CHART OF THE DAY:
NATURALGAS: NATURALGAS is witnessing a pullback from important support zone of 175-170 after a meaningful correction however the overall texture is still weak where 205-210 will be the first hurdle while 225 will be a critical supply zone. On the downside, 190 will be the first support zone,
OUTLOOK:
* Bullion: Day trend is indicating sideways in Gold &Silver.
* Energy: Day trend is indicating sideways in Crude oil & downtrend in Natural gas
* Base metals: Day trend is indicating sideways in all base metals.
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