CRUDEOIL is continuing its bullish momentum above 7000 levels and there are no signals of weakness where 7200-7250 is an immediate target level. On the downside, 6900 intraday and immediate support levels while below 6900 leads to further Weakness towards the 6850-6800 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 sideways to upside in Crude oil & Natural gas
Base metals: Day trend is indicating sideways to upside in all base metals.
You can check our commodity tips here.
