Natural Gas witnessed a sharp selling pressure in second half - Swastika Investmart
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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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