The day trend in GOLD is indicating sideways to upside move as forming the consolidation - Swastika Investmart
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COMMODITY TECHNICAL OUTLOOK
Oil drops as supply crunch fears ease, trading costs rise
Gold scales more than one-week peak on Ukraine, inflation worries
Oil slides 2% as EU fails to boycott Russian crude
Chart of the day:
The day trend in GOLD is indicating sideways to upside move as forming the consolidation on daily chart and able to hold it so buying can be done at yesterday’s high.
Technical View:
Bullion: Gold and Silver may remain on sideways to upside move.
Energy: Day trend is indicating it may face resistance at higher levels in Crude oil and Natural Gas
Base metals: Day trend in base metal is indicating sideways to downside move.
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