Energy: Day trend is indicating sideways to downside Crude oil & uptrend in Natural gas - Swastika Investmart Ltd
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COMMODITY OUTLOOK
DAILY COMMODITY MARKET UPDATES
NEWS IN HEADLINE
* Oil prices rebound from 1-mth low as rate hike doubts dent dollar
* Oil prices edge higher Middle East conflict stokes supply concerns
* Escalating Middle East conflict could impact global commodity prices
CHART OF THE DAY
GOLD
GOLD yesterday was given close below the support level of 61000 and given close with a red note around 60785. Now on the upside, it has an intraday immediate resistance level of 61000-61200, and on the downside, it has a first support area around 60500. Below this, 60300-60100 will be the next support level.
OUTLOOK:
* Bullion: Day trend is indicating sideways to downside in Gold &Silver.
* Energy: Day trend is indicating sideways to downside Crude oil & uptrend in Natural gas
* Base metals: Day trend is indicating sideways in all base metals.
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