Oil prices steady on prospect of balancing supply after steep selloff - Swastika Investmart
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Daily Commodity Market Updates
News in headlines:
* Gold Inches up, Copper Recovery Hampered by China Woes
* Oil prices steady on prospect of balancing supply after steep selloff
* Oil Creeps Higher as Markets Weigh Hurricane-led Supply Disruptions
Chart of the day:
GOLD: GOLD is continuing its bearish momentum where 48900-49000 is intraday immediate target levels. On the upside49500 is immediate resistance level while above 49500 further recovery we will see in upcoming sessions.
Technical View:
* Bullion: Day trend is indicating to downtrend in Gold & Silver.
* Energy: Day trend is indicating downtrend in Crude oil & Natural gas.
* Base metals: Day trend is indicating downtrend in all base metals.
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