Energy: Day trend is indicating uptrend in Crude oil & Natural gas - Swastika Investmart
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COMMODITY OUTLOOK
DAILY COMMODITY MARKET UPDATES
NEWS IN HEADLINE
* Oil falls further on US stock build, easing supply concerns
* Oil falls over 2% after Saudi pledge; investors keep wary eye on Israel
* Gold hits 2-week high, within striking range of $1,900 as dollar slides
SILVER: Silver is continuing its bullish momentum, and there are no signals of weakness where 70000 is an immediate target
level. On the downside, 68900 intraday and immediate support levels while below 68900 lead to further weakness towards the
68500–68200 zone. Traders are advised to stay with the momentum with the “buy on decline” approach
OUTLOOK:
* Bullion: Day trend is indicating sideways to upside in Gold &Silver.
* Energy: Day trend is indicating uptrend in Crude oil & Natural gas
* Base metals: Day trend is indicating sideways to upside in all base metals.
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