Bullion: Day trend is indicating sideways to upside in Gold & Silver - Swastika Investmart Ltd
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COMMODITY OUTLOOK
DAILY COMMODITY MARKET UPDATES
NEWS IN HEADLINE
* Oil prices rise as supply concerns outweigh demand fears
* Oil faces first weekly decline in a month amid Federal Reserve signals
* Oil prices edge higher as tighter supply bets offset rate hike fears
GOLD:
GOLD yesterday witnessing sharp selling pressure from resistance of 59400-59500 levels, on the upside it has an immediate resistance of 59100, on the downside below 58800 it may head toward 58600-58400 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.
