Oil prices climb on weak dollar, supply concerns - Swastika Investmart
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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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