Crudeoil is continuing its bullish momentum above breakout level of 7240 - Swastika Investmart
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Daily Commodity Market Updates
News in headlines:
* Oil Retreats From $95, Eyes Weekly Gains on U.S. Optimism
* Oil prices fall as dollar climbs, but set for weekly gain on supply concerns
* Gold Falls, Copper Eyes Third Week of Gains on Supply Fears
Chart of the day:
CRUDEOIL: CRUDEOIL is continuing its bullish momentum above breakout level of 7240, and there are no signal of weakness where 7450-7550 is an immediate target levels. On the downside 7200 intraday and immediate support level. While below 7200 lead further weakness toward 7100-7000 levels.
Technical View:
* Bullion: Day trend is indicating to uptrend in Gold & Silver.
* Energy: Day trend is indicating uptrend in Crude oil & Natural gas.
* Base metals: Day trend is indicating sideways to upside in all base metals.
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