CRUDEOIL is consolidating in the range of 5740-5600 where move above - Swastika Investmart Ltd
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Daily Commodity Market Updates
News in headlines:
* Oil Up, but COVID-19-fuelled Fuel Demand Worries Cap Gains
* Oil starts new year on positive note, pandemic worries curb gains
* Oil Climbs as Libyan Output Falls Ahead of OPEC+ Supply Meeting
Chart of the day:
CRUDEOIL: CRUDEOIL is consolidating in the range of 5740-5600 where move above 5740 can lead upside towards 5800-5830 while if it slips below 5600 it may head towards 5560-5500 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 sideways.
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