CRUDEOIL are trading in the sideways zone where a pullback towards the level of 8000 can be seen - Swastika Investmart
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Daily Commodity Market Updates
News in headline:
* Oil extends gains as risk appetite improves, U.S. inventories fall
* Russia cuts gas flows further as Europe urges energy saving
* Crude Jumps 2% as Gasoline Stocks Tumble on Pump-Price Drop
Chart of the day:
The prices of CRUDEOIL are trading in the sideways zone where a pullback towards the level of 8000 can be seen, so buy on dips can be initiated at the current levels.
Technical View:
* Bullion: Day trend in Gold and Silver are trading at support levels but facing resistance at higher levels.
* Energy: Day trend is mixed in Crude oil and Natural gas.
* Base metals: Day trend in base metal are in the sideways zone.
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