Crudeoil is consolidating in the range of 6380-6420 after a Sharp selling due to uncertain global cues - Swastika Investmart
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NEWS IN HEADLINE
* Not worried about G7 price cap on Russia oil: Hardeep Singh Puri
* Two weeks before ban, EU still imports 15% of crude oil from Russia
* Ghana plans to buy oil with gold instead of U.S. dollars
CHART OF THE DAY
CRUDEOIL: Crudeoil is consolidating in the range of 6380-6420 aftera Sharp selling due to uncertain global cues , however 6350 is an immediate support level. On the upside 6440 is immediate resistance level. While above 6440 lead further strength towards 6480-6500 zone.
OUTLOOK:
* Bullion: Day trend is indicating to Sideways in Gold &Silver.
* Energy: Day trend is indicating Sideways in Crude oil & Natural gas
* Base metals: Day trend is indicating Sideways in all base metals.
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