Crude oil is also looking consolidate in today's trading although it is now at 4964. Our research report said that it will touch 5100 level in near term.....
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Commodity crude oil at yesterday settled almost flat at 5000 in the yesterdays trading season. In daily chart market fails to close below short and medium term moving averages indicating strength in the trend.
Commodity Gold price at MCX rebounded from early losses on Wednesday and Silver price slipped by almost 2% at MCX Index on Wednesday and same is with Crude oil its showing weak market sentiments in the US economic data and the base metals reports for Copper is showing growth concerns.
The commodity Natural gas futures pared previous gains traded near $4.270 after EIA reported lesser than expected decline in Natural gas inventory. Stockpiles fell by 6 Bcf against the forecast of decline of 8 Bcf.