04-10-2023 10:11 AM | Source: swastika investmart
SILVER is continuing its bearish momentum, and there are no signals of recovery where 67000-66500 is an immediate target level - Swastika Investmart

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COMMODITY OUTLOOK

DAILY COMMODITY MARKET UPDATES

NEWS IN HEADLINE

* Oil rises on tightening crude supply

* Oil rebounds from 3-week low, settles up despite stronger dollar

* Gold’s tumble slows first time in nearly 2 weeks, after hitting 7-month low


CHART OF THE DAY



SILVER: SILVER is continuing its bearish momentum, and there are no signals of recovery where 67000-66500 is an immediate target level. On the upside, 68000 intraday and immediate resistance levels While below 66500 leads to further weakness towards the 66000-65800 zone


OUTLOOK:

* Bullion: Day trend is indicating downtrend in Gold &Silver.

* Energy: Day trend is indicating sideways in Crude oil & uptrend in Natural gas

* Base metals: Day trend is indicating downtrend in all base metals


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