Demand outlooks support global oil prices - Swastika Investmart Ltd
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News in headlines:
Oil Down as Dollar and U.S. Rig Count Both Tick Upwards
U.S. barge costs spike weeks after Hurricane Ida; CHS terminal under repair
Demand outlooks support global oil prices
Chart of the day:
NATURALGAS: NATURALGAS consolidating after a strong bull run, there are some signal of weakness as of now where 396-400 is an immediate resistance levels, on the down 374-375 is an intraday immediate support levels, while below 375 lead further weakness towards 360 level.
Technical View:
Bullion: Day trend is indicating downside move in Gold and Silver.
Energy: Day trend is indicating uptrend in Crude oil. And uptrend in Natural gas.
Base metals: Day trend in base metal is indicating mix-move.
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