Bullion: Day trend is indicating sideways to downside in Gold &Silver - Swastika Investmart
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COMMODITY OUTLOOK
DAILY COMMODITY MARKET UPDATES
NEWS IN HEADLINE
* Oil prices tread water between OPEC optimism, CPI aftermath
* Gold sees little love after CPI reading, copper hit by China fears
* Oil prices tick higher on OPEC demand optimism
CHART OF THE DAY
SILVER: SILVER is continuing its bearish momentum, and there are no signals of recovery below 71000 levels, but technically it traded near the 200 SMA, which is placed around 69400 levels. If it closes below 69400, then more downside fall is possible, while above 70000, some pullback moves will be seen in the upcoming session.
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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