Day trend is indicating sideways to downside in Gold &Silver - Swastika Investmart
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COMMODITY OUTLOOK
DAILY COMMODITY MARKET UPDATES
NEWS IN HEADLINE
* Oil prices inch higher with more US, Chinese economic cues on tap
* Oil prices tick up as markets zoom in on supply tightness
* Gold futures hit three-week low amid uncertainty over Fed policy
CHART OF THE DAY
USDINR:
USDINR has given positive close above 7338 on yesterday’s trading session. Where 7250-7300 will be the first support area while 7200 are the next critical support levels. On the upside 7400 level minor hurdle above this we can expect 7450-7500 levels
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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