CRUDEOIL is respecting its 100 DAM beautifully - Swastika Investmart
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Daily Commodity Market Updates
News in headline:
* Norwegian oil and gas workers start strike, cutting output
* Brent up as strike in Norway threatens to disrupt oil, gas output
* EU rolls out $1.3 billion to help Nigeria diversify its economy
Chart of the day:
CRUDEOIL:
CRUDEOIL is respecting its 100 DAM beautifully however 8860 is an immediate and critical resistance zone, above this, we can expect a short covering rally towards the 9000-9100 zone. On the downside 8450 is an immediate support zone while 8300 is the next support zone.
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