Latest Commodity Market Update for Today (22nd May)

commodity tips and calls
Bullion market is trading in the positive way. However Gold is just 10 points up at 28645 and Silver is 193 points up at 39304.

ENERGY: Crude oil prices higher on this week in the run-up to the OPEC meeting on Thursday. Indications are that all members are on board to extend the output cuts by another nine months. Non-OPEC side, Turkmenistan and Oman have extended support to the output cut extension.

BASE METALS: Base metals are positive close on Friday, dollar weakness cushioned prices, but Chinese demand outlook saw traders cutting exposure. Base metals slumped as the political crisis in the U.S. threatened to delay the infrastructure spending plans and tax cuts that President Trump has promised.
CALL BUY: CRUDE OIL JUN ABOVE 3280 TARGETS 3330/3380 STOP LOSS 3230
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