CRUDEOIL is consolidating in the range of 5530-5300 where move above - Swastika Investmart
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Daily Commodity Market Updates
News in headlines:
* Gold Buoyed by Weak Dollar as Silver Gets Boost From U.S. Data
* Oil Rises to Four-Week High as U.S. Crude Stocks Decline
* Oil Climbs From Four-Week High After U.S. Crude Stockpiles Fall
Chart of the day:
CRUDEOIL: CRUDEOIL is consolidating in the range of 5530-5300 where move above 5530 can lead sharp upside towards 5600-5650 while if it slips below 5350 it may head towards 5300-5280 levels.
Technical View:
* Bullion: Day trend is indicating sideways to upside in Gold and Silver.
* Energy: Day trend is indicating uptrend in Crude oil & sideways in Natural gas.
* Base metals: Day trend in base metal is indicating to upside.
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