The overall structure of the Aluminium is very weak where the previous swing low of 212 - Swastika Investmart
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Daily Commodity Market Updates
News in headline:
* Oil lower on demand concerns, but new Iran sanctions cap downside
* U.S. steps up heavy crude imports as Biden blasts profiteering
* Oil rebounds as new Iran sanctions fuel more supply concerns
Chart of the day:
ALUMINIUM: The overall structure of the ALUMINIUM is very weak where the previous swing low of 212 is an immediate and important support level below this 208 will be the next critical support level. On the upside, the 222 area will act as an immediate resistance area
Technical View:
* Bullion: Day trend is indicating sideways to upside in Gold & Silver.
* Energy: Day trend is indicating sideways in Crude oil & Natural gas.
* Base metals: Day trend in base metal is indicating downtrend.
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