CRUDEOIL mange to close above key hurdle of 5850 where 5950is - Swastika Investmart
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News in headlines:
Oil prices drop as coordinated reserve release eases some supply fears
Oil Steadies as Global Release of Strategic Reserves Underwhelms
Goldman Sachs says global oil reserves release 'a drop in the ocean'
Chart of the day:
CRUDEOIL: CRUDEOIL mange to close above key hurdle of 5850 where 5950is an important resistance zone. On the downside 5780-5800 is an immediate support level while below these levels 5750-5700 is important support zone.
Technical View:
Bullion: Day trend is indicating downtrend in Gold and Silver.
Energy: Day trend is indicating downtrend in Crude oil & sideways in Natural gas.
Base metals: Day trend in base metal is indicating sideways to upside.
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