Oil Up as Investors Gauge Prospect of Iranian Crude Supply, Global Fuel Demand - Swastika Investmart Ltd
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News in headlines:
* Oil Up as Investors Gauge Prospect of Iranian Crude Supply, Global Fuel Demand
* Gold Steady Near Four-Month High Amid Fed Inflation Comments
* Oil Jumps 4% on Cocktail of Risk-on Trades and Memorial Day Bets
Chart of the day:
The day trend in CRUDEOIL is indicating sideways to upside move as making higher highs and higher low formation with huge buying volume and expected to give range breakout 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.
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