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Oil jumps 4% to 5-week high lifted by OPEC+ output cut - Swastika Investmart
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Daily Commodity Market Updates
News in headlines:
* Oil takes a breather, eases off 5-week highs
* Oil jumps 4% to 5-week high lifted by OPEC+ output cut
* Oil Slips From 1-Month High as Weak Chinese Data Fuels Demand Fears
Chart of the day:
GOLD: GOLD continuing its bullish momentum where 52100 is intraday immediate target level. On the downside 51700 is immediate support level, while below 51700 lead further weakness towards 51500- 51300 levels.
Technical View:
* Bullion: Day trend is indicating to sideways in Gold & Silver.
* Energy: Day trend is indicating uptrend in Crude oil & Natural gas.
* Base metals: Day trend is indicating sideways to downside in all base metals.
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