CRUDEOIL mange to close above key hurdle of 5140 - Swastika Investmart Ltd
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News in headlines:
Oil Up, Extends Gains as U.S. Gulf Coast Braces for Latest Tropical Storm
Gold Holds Gain Ahead of U.S. CPI with Taper Timeline in Focus
Dangerous flooding expected along U.S. Gulf Coast as Nicholas approaches
Chart of the day:
CRUDEOIL: CRUDEOIL mange to close above key hurdle of 5140 but still struggling to show momentum where 5200-5220 is an important resistance zone. On the downside 5100 is an immediate support level while below these levels 5050 is important support zone.
Technical View:
Bullion: Day trend is indicating sideways move in Gold and Silver.
Energy: Day trend is indicating sideways in Crude oil. And uptrend in Natural gas.
Base metals: Day trend in base metal is indicating up-move.
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