SILVER is continuing its bearish momentum, and there are no signals of recovery where 67000-66500 is an immediate target level - Swastika Investmart
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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