Oil Mixed But Nears 6% Weekly Gain as Fuel Demand Optimism Grows - Swastika Investmart
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News in headlines:
* Oil Mixed But Nears 6% Weekly Gain as Fuel Demand Optimism Grows
* Gold Heads for Second Weekly Gain as Investors Weigh U.S. Data
* China React: Record GDP at 18.3%, Retail Sales impresses, IP disappoints, Gold softens
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 on dips strategy
Technical View:
* Bullion: Day trend is indicating sideways to upside 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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