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COMMODITY OUTLOOK

DAILY COMMODITY MARKET UPDATES

NEWS IN HEADLINE

* Oil prices steady near 10-mth high with Fed, central banks in focus

* Oil inches higher on supply concerns, China demand recovery

* Oil gains for third straight week on tight supply, China optimism

CHART OF THE DAY

CRUDEOIL: CRUDEOIL is continuing its bullish momentum, and there are no signals of weakness where 7600-7650 is an immediate target level. On the downside, 7400 intraday and immediate support levels While below 7400 leads to further weakness towards the 7350-7300 zone.

OUTLOOK:

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

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

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

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