Energy Market Outlook and Sector Updates: Nirmal Bang

natural gasCrude oil : Crude oil prices are seen trading within 3360-3500 and resisting the 3500 levels since a long time. However, prices are expected to breach the levels on downside. As RSI is moving down and MACD also has given cross-over on side. Therefore, one can remain sell on every rise in crude, targeting downside till 3345 and next 3244 (retracement levels).

Five killed in Afghanistan attacks

Five killed in Afghanistan attacks Kabul, - Three Afghan soldiers and two civilians were killed Monday and more than two dozen people were injured in southern and eastern Afghanistan.

Three Afghan National Army soldiers were killed and five wounded in a suicide attack by a motorcyclist against a military convoy in southern Kandahar province Monday morning, an official said.

Base Metals Trading Tips and Commodity Market Update: Nirmal Bang

metalCopper prices are trading range bound after breaching the trend line. The prices are trading below the support level of 242 and below the 9 DMA. The MADC has given a cross-over with DAV on downside. Thus the bias remains negative for the Copper prices. Breaching 237 can push prices lower to 231-32 levels. Thus, one can sell copper below 237.

Nickel prices are seen moving down, after taking support at the 693 levels. The MACD has given cross-over on downside. Thus the bias remains on the downside for Nickel prices. One can sell Nickel targeting 693 and 684.

Bullion Update, Precious Metals Trading and Market Outlook: Nirmal Bang

GoldGold prices have moved out of the downtrend and maintaining above 14500 levels.

Energy Market Data and Market Trading Tips from Technical Analysts

OPEC oil U. S. crude oil futures shifted lower midday on Friday as gasoline futures tumbled, extending gasoline's losses since midweek on data showing a surprisingly large increase in gasoline inventories last week.

New York Mercantile Exchange natural gas futures also ended lower on Friday. However, Nat Gas rose by around 5 percent on MCX on Saturday.

Crude oil speculators on the New York Mercantile Exchange slashed their net long positions nearly in half in the week to June 16, according to data from the Commodity Futures Trading Commission released on Friday.

Iran summons foreign diplomats as protests continue

Iran summons foreign diplomats as protests continue Hamburg - Iran summoned several foreign diplomats over alleged interference in the country's internal affairs, as protests against alleged election fraud were to continue on Wednesday.

According to official media reports reaching the German Press Agency dpa in Hamburg, the ambassadors of Britain, the Czech Republic Germany, Italy and the Netherlands were summoned to the Foreign Ministry and asked to respect the outcome of the presidential election and stop "hostile comments."

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