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ZINC is witnessing the bounce back and manages to hold its important support level of 210 - Swastika Investmart
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COMMODITY OUTLOOK
DAILY COMMODITY MARKET UPDATES
NEWS IN HEADLINE
* Oil creeps lower with Fed hike, U.S. inventories in focus
* Oil prices ease after build in U.S. crude stockpiles
* Gold steadies ahead of Fed decision, copper cools from China boost
CHART OF THE DAY
ZINC: ZINC is witnessing the bounce back and manages to hold its important support level of 210; however, 220–221 is an immediate and minor hurdle; above this, we can expect a short-covering move towards critical resistance in the 225-228 zone.
OUTLOOK:
* Bullion: Day trend is indicating uptrend in Gold &Silver.
* Energy: Day trend is indicating uptrend in Crude oil & Natural gas
* Base metals: Day trend is indicating sideways to upside in all base metals.
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