Crudeoil is consolidating in the range of 8680-8400 where move above 8680 can lead some upside towards 8750-8800 - Swastika Investmart
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Daily Currency Market Updates
News in headline:
* Oil firms on tight supply though EU ban on Russian oil still uncertain
* Gold pares losses as Fed minutes confirm expectations
* U.S. Oil investors back energy transition plans at shareholder meetings
Chart of the day:
CRUDEOIL: CRUDEOIL is consolidating in the range of 8680-8400 where move above 8680 can lead some upside towards 8750-8800 while if it slips below 8400 it may head towards 8300-8200 zone.
Technical View:
* Bullion: Day trend is indicating upside in Gold & Silver.
* Energy: Day trend is indicating sideways in Crude oil & uptrend in Natural gas.
* Base metals: Day trend in base metal is indicating sideways to upside
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