02-04-2021 11:27 AM | Source: Swastika Investmart Ltd
China Is Fueling The Global Crude Oil Demand Recovery - Swastika Investmart Ltd
News By Tags | #2911 #473

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News in headline:

* Oil rises after OPEC+ alliance of major producers maintains oil output cuts

* China Is Fueling The Global Crude Oil Demand Recovery

* US natural gas storage fields set to post largest withdrawal of heating season

Chart of the day:

 

The inverse head and shoulder pattern can be seen on daily chart which indicates upside move so one can go long in it.

Technical View:

* Bullion: Day trend is indicating downside move in the Gold and silver.

* Energy: Day trend is indicating upside move in Crude oil and downside move in Natural Gas.

* Base metals: Day trend in base metal is indicating mixed move to upside.

 

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