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Oil Pares Losses as Industry Report Shows Falling U.S. Supplies - Swastika Investmart Ltd
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FUNDAMENTALS OF COMMODITY:
* Oil Pares Losses as Industry Report Shows Falling U.S. Supplies
* Oil Inventories Fell by 7.2 Million Barrels Last Week: API
* Gold prices end lower, marking their third loss in 4 sessions
Chart of the day:
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The day trend in COPPER is indicating sideways to upside move as making higher highs and higher low formation with good buying volume so buying can be done.
Technical View:
* Bullion: Day trend is indicating sideways 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 mixed move and may see some bounce back from the support.
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