Oil surges as speculation over OPEC cut outweighs China concerns - Swastika Investmart
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DAILY COMMODITY MARKET UPDATES
NEWS IN HEADLINE
* Oil surges as speculation over OPEC cut outweighs China concerns
* Oil prices slide on concerns over China's demand
* Gold sinks below $1,750 on hawkish Fed comments, copper steady
CHART OF THE DAY
SILVER: SILVER has given Negative closing below 62600 levels. However still 63000 is acting as a minor hurdle, above this, we can see further upside towards 63300-63600 levels. On the downside 62000 is an immediate demand zone, below this we can expect intraday weakness towards 61800-61500 levels, and the market will remain volatile.
OUTLOOK:
* Bullion: Day trend is indicating to sideways to downside in Gold &Silver.
* Energy: Day trend is indicating sideways in Crude oil & Natural gas
* Base metals: Day trend is indicating Sideways in all base metals.
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