Oil prices jump more than $4 as Middle East violence rattles markets - Swastika Investmart
COMMODITY OUTLOOK
DAILY COMMODITY MARKET UPDATES
NEWS IN HEADLINE
* Oil prices jump more than $4 as Middle East violence rattles markets
* Ukraine expects 'record' number of drone attacks this winter - air force
* Oil prices rise, but post biggest weekly decline since March
CHART OF THE DAY
NATURAL GAS: NATURAL GAS is continuing its bullish momentum, and there are no signals of weakness where 280-285 is an immediate target level. On the downside, 260 intraday and immediate support levels below 260 lead to further weakness towards the 255-250 zone. Traders are advised to stay with the momentum with the “buy on decline” approach
OUTLOOK:
* Bullion: Day trend is indicating sideways in Gold &Silver.
* Energy: Day trend is indicating downtrend in Crude oil & uptrend in Natural gas
* Base metals: Day trend is indicating sideways to downtrend in all base metals
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