CRUDEOIL has given positive close above 8000 on yesterday’s trading session - Swastika Investmart
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Daily Commodity Market Updates
News in headlines:
Oil eases as China lockdowns weigh on demand outlook
Oil Heads for Longest Run of Monthly Gains Since Early 2018
Extreme Weather Leads To Sharp Drop In North Dakota Oil Production
Chart of the day:
CRUDEOIL: CRUDEOIL has given positive close above 8000 on yesterday’s trading session. Where 7950 will be the first support area while 7850 are the next critical support level. On the upside 8100 is first hurdle above this we can expect 8150-8200 levels.
Technical View:
Bullion: Day trend is indicating downtrend in Gold & Silver.
Energy: Day trend is indicating uptrend in Crude oil & sideways in Natural gas.
Base metals: Day trend in base metal is indicating sideways.
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