Oil Prices Fall Further on Demand Fears; Fed Rate Hike Looms - Swastika Investmart
Daily Commodity Market Updates
News in headlines:
* Oil Prices Fall Further on Demand Fears; Fed Rate Hike Looms
* Oil prices extend losses on fears aggressive Fed rate hike will curb demand
* Analysis-Europe energy crisis may deepen with looming liquidity crunch
Chart of the day:
COPPER: COPPER is consolidating in the range of 643-654 where move above 654 can lead some upside towards 658-662 while if it slips below 643 it may head towards 635-630 zone.
Technical View:
* Bullion: Day trend is indicating to downside in Gold & uptrend in Silver.
* Energy: Day trend is indicating sideways in Crude oil & Natural gas.
* Base metals: Day trend is indicating sideways to downside in all base metals.
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