Oil Down, But Remains Above $70 Mark as Tight Market Hopes Prevail - Swastika Investmart
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News in headlines:
* Oil Down, But Remains Above $70 Mark as Tight Market Hopes Prevail
* China launches new anti-dumping probe into steel products from Japan, S.Korea and EU
* Demand for oil, gas seen rising in H2-2021 and 2022: Baker Hughes
Chart of the day:
The Gold is trading near demand zone of 47350-47230 where we can expect a pullback towards 47725/47875.
Technical View:
* Bullion: Day trend is indicating sideways to upside in Gold and Silver.
* Energy: Day trend is indicating support in Crude oil. And Natural gas buy on decline strategy.
* Base metals: Day trend in base metal is indicating mixed move.
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