Oil Poised for Weekly Surge With Focus Turning to Fed Stimulus - Swastika Investmart
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News in headlines:
U.S. offshore oil workers flee as storm approaches Gulf of Mexico
Oil Poised for Weekly Surge With Focus Turning to Fed Stimulus
Natural Gas ETFs Surge on Hurricane Threat, Lower Supply Build
Chart of the day:
Gold: Gold is trading in well defined trading range of 47000-4800 and any decisive move from this band will dictate further direction from here. 47500 is an immediate intraday hurdle while 47200 is an immediate intraday support level.
Technical View:
Bullion: Day trend is indicating sideways to sideways in Gold and Silver.
Energy: Day trend is indicating sideways in Crude oil. And uptrend in Natural gas.
Base metals: Day trend in base metal is indicating mixed move.
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