IGI Logo

COMMODITY OUTLOOK

DAILY COMMODITY MARKET UPDATES

NEWS IN HEADLINE

* Oil steadies as U.S. inventories shrink, Powell speech awaited

* Oil ticks up as drop in US crude and gasoline stocks exceeds view

* Global initiative launched to rate corporate carbon offset claims

CHART OF THE DAY

SILVER:Silver is respecting its 200 DMA beautifully, but 70320 is an immediate and critical resistance zone. Above this, we can expect a short-covering rally towards the 70500–70550 zone. On the downside, 69600 is an immediate support zone, while 68900–68950 is the next support zone. 

OUTLOOK:

* Bullion: Day trend is indicating sideways to upside in Gold &Silver.

* Energy: Day trend is indicating sideways to upside in Crude oil & Natural gas

* Base metals: Day trend is indicating sideways to downside in all base metals.

To Read Complete Report & Disclaimer Click Here

Please refer disclaimer at https://www.swastika.co.in/disclaimer
SEBI Reg. No. :  NSE/BSE/MSEI: INZ000192732

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer