Base metals: Day trend is indicating sideways in all base metals - Swastika Investmart Ltd
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COMMODITY OUTLOOK
DAILY COMMODITY MARKET UPDATES
NEWS IN HEADLINE
* Oil prices steady after wild swings, but set for second week of losses
* Oil prices steady, on track for second straight week of losses
* Oil prices jump as rate hike doubts dent dollar
CHART OF THE DAY
Silver:
Silver yesterday was traded within the range of 72700–70700 levels. The overall texture is weak on the upside; it has a first resistance level of 72700. Above this, we can see some short covering moves towards 73000–73300, while below 70700, it may head towards the 70300–70000 zone.
OUTLOOK:
* Bullion: Day trend is indicating sideways to downside 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.
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