01-01-1970 12:00 AM | Source: Swastika Investmart Ltd
Oil prices climb on weak dollar, supply concerns - Swastika Investmart
News By Tags | #473 #2911

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Daily Commodity Market Updates

News in headlines:

* Hurricane Fiona makes landfall on Puerto Rico, knocking out power to island

* Oil prices climb on weak dollar, supply concerns

* Oil Prices Rise as China Reopening Helps Demand Outlook

Chart of the day:

SILVER: SILVER is continuing its bullish momentum, after 3 days consolidation and there are no signal of major weakness where 57000-57500 is an immediate target levels. On the downside 55600 intraday and immediate support level. Below 55600 lead further weakness toward 55000-54700 levels.

Technical View:

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

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

* Base metals: Day trend is indicating sideways to downside in all base metals.

 

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