Oil bulls take charge as demand outlook improves, Brent up a fifth day - Swastika Investmart Ltd
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News in headlines:
* Oil bulls take charge as demand outlook improves, Brent up a fifth day
* Gold Holds Near Four-Week Low as Investors Await Fed Meeting
* U.S. power and natgas prices spike in Texas and California heatwaves
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 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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