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Commodity Resistance Support
Gold  2985.7 52450.3
Silver 63082.6 61857.4
Crude Oil 7065.8 6896.2
Natural Gas 501.7 482.9
Copper 702.9 690.1
Zinc 280.2 275.3 

 

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Oil prices dip as demand outlook worsens on China woes, OPEC warning

Oil prices fell in choppy trade on Tuesday and nursed steep losses this week as weak economic data from China brewed more concerns over worsening demand, although the prospect of smaller U.S. rate hikes and tightening supply helped limit losses.

Crude markets plummeted at the beginning of the week after rising COVID cases in major importer China drummed up concerns over stricter lockdown measures, which could hurt crude demand in the world’s largest oil importer.

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COMMODITY SUPPORT RESISTANCE

GOLD [5DEC] 52416 52902
SILVER [5DEC] 61767 62870
CRUDE OIL [18NOV] 6868 7177
NATURAL GAS [25NOV] 478 513
COPPER [30NOV] 690 704
ZINC [30NOV] 272 281

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