The day trend in NATURALGAS is indicating sideways to upside move as forming the higher highs - Swastika Investmart
COMMODITY TECHNICAL OUTLOOK
Oil slumps as Shanghai lockdown raises fears over drop in demand
US natural gas inventories slip less than expected but price surge continues
Gold Dips as Yields Spike, But up 1% on Week Amid Geopolitics, Inflation Scare
Chart of the day:
The day trend in NATURALGAS is indicating sideways to upside move as forming the higher highs and higher low formation with huge volumes which indicates buy signal so buying can be done at yesterday’s high.
Technical View:
Bullion: Gold and Silver may face resistance at current levels.
Energy: Day trend is indicating mixed move in Crude oil and Natural Gas.
Base metals: Day trend in base metal is indicating mixed move.
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