CRUDEOIL witnessing the sharp selling pressure where 10 DMA which is currently placed around 8200 level - Swastika Investmart
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COMMODITY TECHNICAL OUTLOOK
U.S. push to export LNG amid Ukraine crisis slowed by climate concerns, sources say
Oil crawls higher on supply doubts, but heads for sharp weekly decline
Biden rejects Republican criticism of his energy policy
Chart of the day:
CRUDEOIL: CRUDEOIL witnessing the sharp selling pressure where 10 DMA which is currently placed around 8200 level but it starts to trade below this level then we can expect further weakness towards 20 DMA which is currently placed at 7625. On the upside 8800 will act as an immediate hurdle while 9100-9200 has become a critical supply zone.
Technical View:
Bullion: Day trend is indicating sideways to downtrend in Gold & 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 downtrend.
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