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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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