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CRUDEOIL yesterday witnessing sharp selling pressure from resistance 7400-7380 levels - Swastika Investmart
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Daily Commodity Market Updates
News in headlines:
* Oil Hovers Around Weekly Lows as U.S. CPI Inflation Looms
* Oil prices shaky amid worsening demand outlook
* Gold Steadies Before U.S. CPI, Aluminum Rallies on Sanctions Report
Chart of the day:
CRUDEOIL: CRUDEOIL yesterday witnessing sharp selling pressure from resistance 7400-7380 levels, on the upside it has an immediate resistance of 7350, on the downside below 7100 it may head toward 7050-6950 levels. Traders are advised to stay with the momentum with the “Sell on rise” approach.
Technical View:
* Bullion: Day trend is indicating to sideways to downside in Gold & Silver.
* Energy: Day trend is indicating downside in Crude oil & sideways in Natural gas.
* Base metals: Day trend is indicating sideways to downside in all base metals.
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