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LIVE ENERGY NEWS UPDATED BY ACTIVE COMMODITY
Oil prices muted ahead of Fed-heavy week
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The Nifty 50 index was up 0.06% at 17,955.90 as of 10:40 a.m. IST, while the S&P BSE Sensex was higher by 0.17% at 61,116.34. The benchmarks swung between 0.4% gains and 0.3% losses during the session.
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LIVE BULLION NEWS INTELLIGENCE NEWS
Gold hovers around six-week low, Fed cues awaited
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Live Crude oil Trend Update::
Oil prices were little changed in early Asian trade on Monday, after settling down $2 a barrel on Friday, as rising supplies in the United States and forecasts of more interest rate hikes cooled optimism over China’s demand recovery.
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| COMMODITY | SUPPORT | RESISTANCE |
| GOLD [5 APR] | 55869.66 | 56465.66 |
| SILVER [3 MAR] | 64793.34 | 66075.34 |
| CRUDE OIL [20 MAR] | 6225 | 6456 |
| NATURAL GAS [23 FEB] | 180 | 196 |
| COPPER [28 FEB] | 771.84 | 777.34 |
| ZINC [28 FEB] | 268.34 | 273.34 |
Live Bullion Trend Update::
Gold prices hovered around a six-week low on Monday, moving little as traders awaited more cues on U.S. monetary policy from a slew of Federal Reserve speakers this week, as well as the minutes of the central bank’s February meeting.
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