12-02-2022 09:27 AM | Source: Swastika Investmart Ltd
Natural Gas witnessed a sharp selling pressure in second half - Swastika Investmart
News By Tags | #473 #2911

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DAILY COMMODITY MARKET UPDATES

NEWS IN HEADLINE

* Gold steadies above $1,800 ahead of U.S. payrolls data

* Oil ends mixed as U.S. data, OPEC uncertainty hold back market bulls

* Oil price cap discussions set to continue on Friday

CHART OF THE DAY

NATURAL GAS: NATURAL GAS witnessed a sharp selling pressure in second half due to demand concern , however 540 is an immediate support level. On the upside 560 is immediate resistance level. While above 560 lead further strength towards 570-580 zone.

OUTLOOK:

* Bullion: Day trend is indicating to Uptrend 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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