CRUDEOIL is respecting its 50 DAM however is an immediate and critical resistance 7800 zone - Swastika Investmart
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COMMODITY TECHNICAL OUTLOOK
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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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