Oil Mixed, Investors Digest Build in U.S. Crude Stockpiles and Weak Fuel Demand - Swastika Investmart
News in headlines:
* Oil Mixed, Investors Digest Build in U.S. Crude Stockpiles and Weak Fuel Demand
* XAU/USD moves back above $1730 level, lacks follow-through
* Gold Dips 2nd Day in Row, After Powell’s “Inflation One-Off” Remark
Chart of the day:
The day trend in GOLD is indicating sideways to downside move as failed to gain upside move and making resistance on daily chart also facing moving average and not able to sustain upside so one can go short with sell on rise strategy.
Technical View:
* Bullion: Day trend is indicating sideways move in the 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 mixed move to upside.
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