The overall structure of the ALUMINIUM is very weak where the previous swing low of 228 - Swastika Investmart
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Daily Commodity Market Updates
News in headline:
* Oil bounces around as tight supply offsets China, recession fears
* Oil rises on tight supplies; trade choppy on demand worries
* Gold Rally Reverses, Sinking With Risk Assets on Fed Hike Fears
Chart of the day:
ALUMINIUM: The overall structure of the ALUMINIUM is very weak where the previous swing low of 228 is an immediate and important support level below 217 this will be the next critical support level. On the upside, the 229 area will act as an immediate resistance area.
Technical View:
* Bullion: Day trend is indicating sideways in Gold & Silver.
* Energy: Day trend is indicating uptrend in Crude oil & sideways in Natural gas.
* Base metals: Day trend in base metal is indicating downtrend.
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