CRUDEOIL is respecting its 50 DAM however is an immediate and critical resistance 7800 zone - Swastika Investmart
COMMODITY TECHNICAL OUTLOOK
Oil rises as uncertainty around supply persists
U.S. considers vaccines to protect poultry from deadly bird flu
U.S. East Coast jet fuel costs soar on shortage fears
Chart of the day:
CRUDEOIL: CRUDEOIL is respecting its 50 DAM however is an immediate and critical resistance 7800 zone, above this, we can expect a short covering rally towards the 8000-8100 zone. On the downside 7500 is an immediate support zone while 7400 is the next support zone.
Technical View:
Bullion: Day trend is indicating sideways 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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