Bullion: Day trend is indicating uptrend in Gold &Silver - Swastika Investmart Ltd
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COMMODITY OUTLOOK
DAILY COMMODITY MARKET UPDATES
NEWS IN HEADLINE
* Biden calls for 'path toward peace' once Israel-Gaza crisis is resolved
* Oil steady as market eyes Middle East tensions, higher US crude stockpiles
* Oil prices flat before US GDP data, Middle East concerns persist
CHART OF THE DAY
CRUDEOIL
CRUDEOIL is witnessing the bouncing back and manages to hold its 100 DMA; however, 7150 is an immediate and minor hurdle; above this, we can expect a short covering move towards the critical resistance of 7250–7280 levels; on the downside, it has an important support level of 6800–6850.
OUTLOOK
* Bullion: Day trend is indicating uptrend in Gold &Silver.
* Energy: Day trend is indicating sideways to upside side in Crude oil & sideways to downtrend in Natural gas
* Base metals: Day trend is indicating sideways in all base metals.
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