Oil Up Over Optimistic Outlook for Fuel Demand - Swastika Investmart Ltd
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News in headlines:
* Oil Up Over Optimistic Outlook for Fuel Demand
* Gold futures mark first loss in 3 sessions
* Oil Closes Above $70 a Barrel for First Time in Over Two Years
Chart of the day:
The day trend in CRUDEOIL is indicating sideways to upside move as making higher highs and higher low formation followed by the moving average which indicates buy signal so buying can be done.
Technical View:
* Bullion: Day trend is indicating sideways upside move in Gold and Silver.
* Energy: Day trend is indicating upside move in Crude oil and Natural Gas.
* Base metals: Day trend in base metal is indicating mixed move.
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