IGI Logo

DAILY COMMODITY MARKET UPDATES

NEWS IN HEADLINE

* Gold pinned below $1,800 as economic uncertainty, strong dollar weigh

* Oil inventories fall by more than expected 6.4M barrels last week: API

* Oil continues tumble, losing 6% on week on inflation, Fed worries

CHART OF THE DAY

ZINC: ZINC formed a cup shape pattern on a daily chart which has immediate resistance at 278 level however 276 is an immediate support level. Onl. While above 278 lead further strength towards 279-281 zone.

OUTLOOK:

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

* Energy: Day trend is indicating Downtrend in Crude oil & Natural gas

* Base metals: Day trend is indicating Uptrend in all base metals.

To Read Complete Report & Disclaimer Click Here

Please refer disclaimer at https://www.swastika.co.in/disclaimer
SEBI Reg. No. :  NSE/BSE/MSEI: INZ000192732

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer