Energy: Day trend is indicating sideways in Crude oil & Natural gas - Swastika Investmart Ltd
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COMMODITY OUTLOOK
DAILY COMMODITY MARKET UPDATES
NEWS IN HEADLINE
* Oil climbs with tight supply back in focus
* Oil prices rise on tighter supply outlook; More inflation cues awaited
* Oil ends week lower as demand concerns face Russia supply ban
CHART OF THE DAY
ZINC: ZINC is respecting its 50 and 100 DAM beautifully; however, 230–232 is an immediate and critical resistance zone; above this, we can expect a short covering rally towards the 235–240 zone. On the downside, 215-217 is an immediate support zone, while 210-208 is the next support zone.
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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