Oil prices jump more than $1 on slow U.S. output restart - Swastika Investmart
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Key headlines:
* Oil prices jump more than $1 on slow U.S. output restart
* Gold Holds Gains With Powell’s Testimony, Stimulus in Focus
* Reflation Hopes Take Copper to 9-Year High; Gold Back Above $1800
Chart of the day
The upside moves can be seen on the daily chart of crude oil as showing strong bullish momentum so one can go long in it at buy on dips.
Technical View
* Bullion: Day trend is indicating upside move as showing reversal from the support in the Gold and Silver.
* Energy: Day trend is indicating sideways to upside move in Crude oil and upside in Natural Gas.
* Base metals: Day trend in base metal is indicating mixed move
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