Energy: Day trend is indicating uptrend in Crude oil & sideways in Natural gas - Swastika Investmart Ltd
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COMMODITY OUTLOOK
DAILY COMMODITY MARKET UPDATES
NEWS IN HEADLINE
* US calls for Azerbaijan to halt Karabakh attack, Russia urges return to ceasefire
* Oil prices rise on concerns over tightening supply
* Brent crude nears $100 mark as inflation concerns linger
CHART OF THE DAY
NATURAL GAS: NATURAL GAS is consolidating in the wide range of 245-205, where a move above 245 can lead some upside towards 255-265, while if it slips below 230, it may head towards the 225-220 zone again. Traders are advised to stay with the momentum with the "sell on rise" approach.
OUTLOOK:
* Bullion: Day trend is indicating sideways to upside 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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