Oil prices ease as bearish China data fuels demand concerns -Swastika Investmart
COMMODITY OUTLOOK
DAILY COMMODITY MARKET UPDATES
NEWS IN HEADLINE
* Oil prices dip on surprise U.S. inventory build, weak China inflation
* Oil prices ease as bearish China data fuels demand concerns
* Gold prices hit 1-mth low, copper sinks as risk-off favors dollar
CHART OF THE DAY
SILVER: SILVER is continuing its bearish momentum, and there are no signals of recovery below 71000 levels, where 69500- 69000 is an immediate target level. On the upside, 71000 is the intraday and immediate resistance level. While above 71000 leads to some further strength for towards the 71400-71800 zone.
OUTLOOK:
* Bullion: Day trend is indicating sideways to downside 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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