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COMMODITY OUTLOOK

DAILY COMMODITY MARKET UPDATES

NEWS IN HEADLINE

* Oil inches higher as markets weigh China rate cut, Powell testimony

* Oil extends declines on China growth woes, firmer dollar

* Gold prices near 3-month lows as Powell testimony approaches

CHART OF THE DAY

NATURALGAS: NATURALGAS yesterday witnessed sharp selling pressure from resistance of 223-225 levels. On the upside, it has an immediate resistance of 215, and on the downside, below 205, it may head towards 200–198 levels. Traders are advised to stay with the momentum with the "Sell on the rise" approach.

OUTLOOK:

* Bullion: Day trend is indicating to sideways to upside in Gold &Silver.

* Energy: Day trend is indicating sideways to upside Crude oil & Natural gas

* Base metals: Day trend is indicating uptrend in all base metals

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