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Daily Commodity Market Updates

News in headlines:

* Oil prices ease as Russia output increases

* Oil Recovery Runs out of gas on Fears of a Supply Glut

* Californians urged to cut power use during extreme heat

Chart of the day:

SILVER: SILVER is continuing its bearish momentum and there are no signal of recovery where 56700- 56600 is an immediate target levels. On the upside 57400 intraday and immediate resistance level. While above 57400 lead further recovery toward 57800-58200 levels

Technical View:

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

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

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

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