Brent approaches $60/bbl as supply cuts, stimulus hopes lift prices - Swastika Investmart Ltd
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Key headlines:
* Brent approaches $60/bbl as supply cuts, stimulus hopes lift prices
* China aluminium sector must shut inefficient coal power to meet climate goals
* Potential wellhead freeze-offs could further reduce Appalachia natural gas production
Chart of the day:
The daily chart is indicating bullish trend as making higher highs and higher low with good buying volume breaking the consolidation so one can go long in it.
Technical View:
* Bullion: Day trend is indicating mixed move in the Gold and silver.
* Energy: Day trend is indicating upside move in Crude oil and Natural Gas.
* Base metals: Day trend in base metal is indicating mixed move to upside
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