China Is Fueling The Global Crude Oil Demand Recovery - Swastika Investmart Ltd
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News in headline:
* Oil rises after OPEC+ alliance of major producers maintains oil output cuts
* China Is Fueling The Global Crude Oil Demand Recovery
* US natural gas storage fields set to post largest withdrawal of heating season
Chart of the day:
The inverse head and shoulder pattern can be seen on daily chart which indicates upside move so one can go long in it.
Technical View:
* Bullion: Day trend is indicating downside move in the Gold and silver.
* Energy: Day trend is indicating upside move in Crude oil and downside move in Natural Gas.
* Base metals: Day trend in base metal is indicating mixed move to upside.
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