Crudeoil is continuing its bearish momentum and there are no signal of recovery where 6800-6750 - Swastika Investmart
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Daily Commodity Market Updates
.News in headlines:
* Blasts hit Russian base in Crimea, Ukraine targets supply lines
* Oil prices recover from 6-month lows after drop in U.S. stockpiles
* Gold Trades Flat, Copper Rises on China Stimulus Hopes
Chart of the day:
CRUDEOIL:CRUDEOIL is continuing its bearish momentum and there are no signal of recovery where 6800-6750 is an immediate target levels. On the upside 7100 intraday and immediate resistance level. While above 7100 lead further recovery toward 7200-7250 levels.
Technical View:
* Bullion: Day trend is indicating downtrend in Gold & Silver.
* Energy: Day trend is indicating downtrend in Crude oil & uptrend in Natural gas.
* Base metals: Day trend is indicating sideways to upside in all base metals.
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