Oil Drops at the Start of the Week on Sustained Delta Concerns - Swastika Investmart
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News in headlines:
* Oil falls as Delta surge clouds fuel demand outlook
* Oil Drops at the Start of the Week on Sustained Delta Concerns
* U.S. Natural Gas Dominance May Be Coming To an End
Chart of the day:
Natural Gas is trading near critical support zone of 285-284 and if it manages to hold this zone then we can expect a bounce back towards 300 levels while a move below 284 can lead a further selling pressure towards 265 levels.
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 on downtrend.
* Base metals: Day trend in base metal is indicating mixed move
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