Oil Mixed, OPEC+ Decision Shockwaves Continue - Swastika Investmart
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Key headlines:
* Oil Mixed, OPEC+ Decision Shockwaves Continue
* Gold in $1,600 Territory As U.S. Bond Yields, Dollar Spike Again
* Oil Jumps 4% as Saudis Hold to Cuts, Allow Russia Modest Rise
Chart of the day:
The sideways to downside move can be seen on daily chart of GOLD making lower lows and lower high with good selling volume so indicates sell signal therefore one can go with sell on rise strategy as breaking the important support level of 45000 and sustaining below that.
Technical View:
* Bullion: Day trend is indicating mixed move to downside in the Gold and Silver.
* Energy: Day trend is indicating mixed move in Crude oil and in Natural Gas.
* Base metals: Day trend in base metal is indicating mixed move.
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