CRUDEOIL is consolidating in the range of 5740-5600 where move above

3/01/2022 10:44:18 AM | Source: Swastika Investmart Ltd

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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CRUDEOIL is consolidating in the range of 5740-5600 where move above - Swastika Investmart Ltd

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