Oil drops after strong rally, demand hopes limit losses - Swastika Investmart Ltd
Key headlines:
* Oil drops after strong rally, demand hopes limit losses
* Gold prices jump following mixed U.S. CPI inflation data
* Peru's copper output falls in December; zinc production up again
Chart of the day:
The daily chart of zinc is indicating bullish trend as making higher highs and higher low with good buying volume breaking the consolidation so one can go long in it.
Technical View:
* Bullion: Day trend is indicating mixed move in the 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 to upside.
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