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09-02-2021 09:49 AM | Source: Swastika Investmart Ltd
Oil Drops After OPEC+ Alliance Agrees to Return More Barrels
News By Tags | #473 #2911

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News in headlines:

Oil falls after OPEC+ sticks to raising supply amid demand doubts

Oil Drops After OPEC+ Alliance Agrees to Return More Barrels

Extensive Ida storm damage hurts oil industry recovery effort

 

Chart of the day:

CRUDEOIL: CRUDEOIL is facing resistance around 5080-5100 levels where fresh buying is suggested only when it successfully manages to cross the resistance of 5100, otherwise it may test 4900 level on the downside.

 

Technical View:

Bullion: Day trend is indicating sideways to sideways in Gold and Silver.

Energy: Day trend is indicating sideways in Crude oil. And uptrend in Natural gas

Base metals: Day trend in base metal is indicating mixed move

 

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