Zinc is continuing its bearish momentum and there are no signal of recovery where 275 - Swastika Investmart Ltd
Daily Commodity Market Updates
News in headlines:
* Gold Inches Lower as Dollar Strength, Fed Jitters Weigh
* California temperatures soar to new records, adding strain to power grid
* Oil prices climb more than $1/bbl ahead of OPEC+ meeting
Chart of the day:
ZINC
ZINC is continuing its bearish momentum and there are no signal of recovery where 275 is an immediate target level. On the upside 288 intraday and immediate resistance level. While above 288 lead further upside toward 291-295 levels.
Technical View:
* Bullion: Day trend is indicating downtrend in Gold & Silver.
* Energy: Day trend is indicating downtrend in Crude oil & Natural gas.
* Base metals: Day trend is indicating sideways to downside in all base metals
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