Crude oil prices drop, pressured by stronger U.S. dollar - Swastika Investmart Ltd
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News in headlines:
* Crude oil prices drop, pressured by stronger U.S. dollar
* Gold Steadies After Losing ‘Mojo’ as Fed Set to Trim Stimulus
* Oil Declines Below $72 a Barrel Following the Fed’s Hawkish Tilt
Chart of the day:
The day trend in GOLD is indicating sideways to downside ahead of the US FED minutes giving hawkish commentary which is negative for bullions so selling can be done.
Technical View:
* Bullion: Day trend is indicating sideways move to downside in Gold and Silver.
* Energy: Day trend is indicating mixed move in Crude oil and Natural Gas.
* Base metals: Day trend in base metal is indicating mixed move to downside
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