Oil Drops, Factoring in Saudi Price Cut Amid India Covid Carnage - Swastika Investmart Ltd
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News in headlines:
* Gold Back Above $1,800 But Late to Inflation Party
* Oil Drops, Factoring in Saudi Price Cut Amid India Covid Carnage
* Gold Prices Will Plunge Further In 2021 – World Bank
Chart of the day:
The day trend in COPPER is indicating sideways to upside move as making higher highs and higher low so one can go long in it but might face resistance so be cautious.
Technical View:
* Bullion: Day trend is indicating sideways to upside move in Gold and Silver.
* Energy: Day trend is indicating mixed to downside move in Crude oil and Natural Gas.
* Base metals: Day trend in base metal is indicating sideways move to upside.
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