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12-09-2022 09:28 AM | Source: Swastika Investmart Ltd
Natural Gas has immediate support level and 508 is immediate resistance level - Swastika Investmart
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DAILY COMMODITY MARKET UPDATES

NEWS IN HEADLINE

* Gold steadies ahead of U.S. inflation data, copper eyes weekly gains

* Oil down 5th day after swinging on Keystone, Russia price cap imbroglio

* WTO Rules Against US Tariffs on Steel, Aluminum Imposed by Trump

CHART OF THE DAY

 

NATURAL GAS: Natural Gas shows recovering from lower levels , however 500 is an immediate support level and 508 is immediate resistance level . While above 508 lead further strength towards 512-515 zone.

OUTLOOK:

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

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

* Base metals: Day trend is indicating Uptrend in all base metals.

 

 

 

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