Oil gains as U.S. production slowly returns after freeze- Swastika Investmart
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News in headline:
* Oil gains as U.S. production slowly returns after freeze
* Asian LNG prices slip while US natural gas futures mark weekly gain
* Historic Copper Shortage Loom As Prices Rocket
Chart of the day:
The weakness can be seen on daily chart of GOLD making lower lows and lower high followed by the moving average which indicates sell signal so one can go with sell on rise strategy.
Technical View:
* Bullion: Day trend is indicating bearish move in the Gold and Silver.
* Energy: Day trend is indicating sideways to downside move in Crude oil and upside in Natural Gas.
* Base metals: Day trend in base metal is indicating mixed move.
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