Oil prices surge 2% as Russian invasion of Ukraine rings supply alarm bells - Swastika Investmart
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COMMODITY OUTLOOK
News in headlines:
EU says "Putin must and will fail" as it agrees new sanctions
Oil prices surge 2% as Russian invasion of Ukraine rings supply alarm bells
Gold Climbs as Traders Weigh War, Sanctions Against Rate Hike
Chart of the day:
CRUDEOIL: CRUDEOIL is consolidating in the range of where move above 7400 can lead further upside move towards 7500-7550 levels, while if it slips below 7100 it may head towards 7000-6900 levels.
Technical View:
Bullion: Day trend is indicating uptrend in Gold & Silver.
Energy: Day trend is indicating uptrend in Crude oil & Natural gas.
Base metals: Day trend in base metal is indicating uptrend.
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