Oil Holds Gains Near Six-Week High on Rising Demand Optimism - Swastika Investmart
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News in headline:
* Oil Holds Gains Near Six-Week High on Rising Demand Optimism.
* Shanghai base metals rose broadly as the Fed kept easy monetary policy.
* Nickel prices soared amid positive macroeconomic environment.
Chart of the day:
Natural gas price has faced the resistance of the weekly descending trend line and it is forming Bearish harami candlestick pattern, which signifies bearish reversal, so based on these parameters day trend may remain bearish in the Natural Gas.
Technical View:
* Bullion: Day trend is indicating bullish move in Gold and Silver.
* Energy: Day trend is indicating bullish move in Crude oil and bearish move in Natural Gas.
* Base metals: Day trend in base metal is indicating mixed move to upside.
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