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22/02/2021 9:46:23 AM | Source: Swastika Investmart Ltd
Oil gains as U.S. production slowly returns after freeze- Swastika Investmart
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Oil gains as U.S. production slowly returns after freeze- Swastika Investmart

News in headline:

* Oil gains as U.S. production slowly returns after freeze

* Asian LNG prices slip while US natural gas futures mark weekly gain

* Historic Copper Shortage Loom As Prices Rocket

 

Chart of the day:

 

The weakness can be seen on daily chart of GOLD making lower lows and lower high followed by the moving average which indicates sell signal so one can go with sell on rise strategy. 

 

Technical View:  
* Bullion: Day trend is indicating bearish move in the Gold and Silver.

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

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

 

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Disclaimer: The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references. To Read Complete Disclaimer Click Here