01-01-1970 12:00 AM | Source: Swastika Investmart Ltd
Natural Gas witnessed a sharp buying in recent days due to uncertain global cues - Swastika Investmart
News By Tags | #473 #2911

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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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