Crude Oil Tips for Today – Latest Commodity Market Update (16th June)

Gold: Gold edged lower on Friday to hit a three-week low and was on track for a second weekly fall, dragged down as upbeat U.S. economic data supported the dollar. The dollar index held near a two-week high after data showed the number of Americans filing for unemployment benefits fell more than expected last week.

ENERGY: Crude oil prices are lower on yesterday, as the market was unable to rebound from Wednesday’s decline on the back of a surprise build in U.S. gasoline inventories and ongoing worries about heavy global supply.

BASE METALS: Copper prices fell for a fourth day on yesterday ,after the Federal Reserve lifted U.S. interest rates and took a more hawkish than expected stance on future policy, boosting the dollar and weighing on assets priced in the U.S. currency.

commodity tips
CALL SELL: CRUDE OIL JUN BELOW 2850 TARGETS 2800/2750 STOPLOSS 2900

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