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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