Oil Edges Lower After Jumping on U.S. Crude Stockpiles Draw - Swastika Investmart
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News in headlines:
* Oil Edges Lower After Jumping on U.S. Crude Stockpiles Draw
* Crude ETFs Surge Thanks to a New Report, OPEC Projections
* Bullish EIA inventory report, gold lower on rising yields, Powell extends dollar decline
Chart of the day:
The day trend in COPPER is indicating sideways to upside move, giving range breakout on daily chart with huge buying volume and also managed to give its closing above resistance which is a good buy signal so one can go long in it with buy dips strategy
Technical View:
* Bullion: Day trend is indicating range bound move in Gold and Silver.
* Energy: Day trend is indicating mixed move in Crude oil and Natural Gas.
* Base metals: Day trend in base metal is indicating sideways to upside move.
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