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COMMODITY OUTLOOK

DAILY COMMODITY MARKET UPDATES

NEWS IN HEADLINE

* Oil prices fall ahead of more central bank steers on interest rates

* US urged JPMorgan to 'be patient' before halt to processing Russia grain payments

* Oil prices fall, WTI below $90 as Fed warns of higher rates

CRUDEOIL:

CRUDEOIL yesterday witnessing sharp selling pressure from resistance of 7800 levels, on the upside it has an immediate resistance of 7600, on the downside below 7400 it may head toward 7350-7300 levels. Traders are advised to stay with the momentum with the “Sell on rise” approach.

OUTLOOK:

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

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

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

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