Published on 20/10/2020 2:03:20 PM | Source: Swastika Investmart Ltd

Gold Ends Up But Renewed Pressure Seen Without Stimulus Deal - Swastika Investmart

Posted in Commodities Reports| #Commodity Tips #Swastika Investmart Ltd

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Key headlines:

* Oil prices drop for fourth day as COVID-19 second wave worries intensify

* Gold Ends Up But Renewed Pressure Seen Without Stimulus Deal

* OPEC+ Vows ‘Proactive’ Response to Precarious Oil Market


Chart of the day:

Day trend in CRUDEOIL may face resistance on daily chart which indicates sell signal if does not gives the breakout and sustains at it. So selling can be done in it.


Technical View:

Bullion: Gold and Silver are showing range bound to upside.

Energy: Day trend is indicating sideways move to downside in Crude oil and Natural gas.

Base metals: Day trend in base metal is indicating mixed move to upside.


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