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09-01-2023 10:22 AM | Source: Swastika Investmart Ltd
Natural Gas is continuing its bullish momentum above 225 levels and there are no signals of weakness where 235-237 is an immediate target level - Swastika Investmart Ltd
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COMMODITY OUTLOOK

DAILY COMMODITY MARKET UPDATES

NEWS IN HEADLINE

* Oil set to snap two-week losing streak on tightening supplies

* Oil steadies at 3-week high as OPEC bets offset economic jitters

* Gold dips but stays above mid-$1,900; Higher inflation read pre-U.S. jobs

CHART OF THE DAY

 

NATURALGAS:

NATURALGAS is continuing its bullish momentum above 225 levels and there are no signals of weakness where 235-237 is an immediate target level. On the downside, 220 intraday and immediate support levels while below 220 leads to further weakness towards the 218-215 zone, now it traded near the resistance zone of 235-236, so be careful at higher levels.

OUTLOOK:

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

* Energy: Day trend is indicating sideways to upside in Crude oil & Natural gas

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

 

 

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