IGI Logo

COMMODITY OUTLOOK

DAILY COMMODITY MARKET UPDATES

NEWS IN HEADLINE

* Oil prices rise as rate hike fears ease; China data deluge in focus

* Oil nudges higher after Saudi Arabia, Russia stick to output cuts 

* US solar panel manufacturing boom threatened by cheap imports

CHART OF THE DAY

NATURAL GAS:

NATURALGAS is now consolidated with a wide range of 277–302 levels. When it successfully closes above 302, a fresh new upside move will be started for the target of 315–325 levels, while if it closes below 277 levels, it will be tested again at 265-260 levels. The overall major trend is a bullish trade with a buy-on-decline approach.

OUTLOOK

* Bullion: Day trend is indicating sideways in Gold &Silver. 

* Energy: Day trend is indicating sideways to downside Crude oil & uptrend in Natural gas

* Base metals: Day trend is indicating sideways in all base metals.

Please refer disclaimer at https://www.swastika.co.in/disclaimer

SEBI Reg. No. : NSE/BSE/MSEI: INZ000192732