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CRUDEOIL is continuing its bullish momentum and there are no signal of weakness where 6650-6700 is an immediate target level - Swastika Investmart
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COMMODITY OUTLOOK
News in headlines:
* Oil rises, hovers near 7-year highs on supply fears, political risks
* Oil Punches Higher at the Week’s Open on Demand Outlook, Ukraine
* U.S. helps fund California port project as export delays hurt food makers
Chart of the day:
CRUDEOIL: CRUDEOIL is continuing its bullish momentum and there are no signal of weakness where 6650-6700 is an immediate target level. On the downside 6430 intraday and immediate support level. While below 6430 lead further weakness toward 6390-6300 levels.
Technical View:
* Bullion: Day trend is indicating downtrend in Gold & Silver.
* Energy: Day trend is indicating uptrend in Crude oil & Natural gas.
* Base metals: Day trend in base metal is indicating to sideways to upside.
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