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On the downside 7100 intraday and immediate support level - Swastika Investmart
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Daily Commodity Market Updates
News in headlines:
* Oil Prices Hit 2-Week High on Strong Demand Signals, Weak Dollar
* Western officials finalizing plans for Russia oil-price cap
* Oil prices continue climb on strong crude demand, weaker dollar
Chart of the day:
CRUDEOIL: CRUDEOIL is continuing its bullish momentum above breakout level of 7150, and there are no signal of weakness where 7300-7380 is an immediate target levels. On the downside 7100 intraday and immediate support level. While below 7100 lead further weakness toward 7000-6980 levels.
Technical View:
* Bullion: Day trend is indicating to uptrend in Gold & Silver.
* Energy: Day trend is indicating uptrend in Crude oil & Natural gas.
* Base metals: Day trend is indicating sideways to upside in all base metals.
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