Natural Gas witnessed a sharp buying in recent days due to uncertain global cues - Swastika Investmart
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DAILY COMMODITY MARKET UPDATES
NEWS IN HEADLINE
* Oil down almost 4% as ‘generous’ Russia price cap snuffs OPEC cut speculation
* EU Talks Stall Over Price Level for Proposed Russian Oil Cap
* U.S. oil inventories fell by 3.7 million barrels last week: EIA
CHART OF THE DAY
NATURAL GAS: NATURAL GAS witnessed a sharp buying in recent days due to uncertain global cues and supply issue , however 600 is an immediate resistance level. While 580 is an immediate support level. Above 600 lead further strength towards 610-620 zone.
OUTLOOK:
* Bullion: Day trend is indicating to Sideways in Gold &Silver.
* Energy: Day trend is indicating Sideways in Crude oil & Natural gas
* Base metals: Day trend is indicating Sideways in all base metals.
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