Oil Prices Find support in Trade Talks And Mideast Tensions | Today Commodity Market News Outlook 27 March 2018.



Bullion - Opens on mixed Note Gold -30870-30875 Silver -39000-38980 

Energy - Opens on positive Note Crude Oil - 4260-4265 Natural Gas -174.20-174.50 

Base Metals - Opens on positive Note Copper -433-434 Nickel -845-850 Lead -155-155.50 Zinc - 213.40-213.50 Aluminium -132-132.30



Global stocks came off six-week lows on optimism that the United States and China are set to begin trade talks, easing fears about a trade war between the world's two largest economies.
The possibility of a full-blown trade war had weighed on the energy complex on fears that it could harm oil demand.
On a weekly chart, MCX Gold price has been moving within a channel formation; where it has traded near the upper line of the channel, which may act as resistance zone for the prices in upcoming days.

On the daily chart, COMEX Silver has bounced from lower Bollinger band formation; which act as support for the prices.

MCX Copper has shown continue down fall for entire week; where it has crashed around -3.51% in a week. Overall, price has given rising wedge formation breakdown; which informed bearish trend for near term.

On the daily chart MCX Zinc has been falling down from last couple, where it has sustained below 61.8% retracement levels, which act as resistance zone for the prices.

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