Oil drops as investors gauge big chill impact on U.S. refineries - Swastika Investmart
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News in headline:
* Oil drops as investors gauge big chill impact on U.S. refineries
* Gold Goes From Commodity Leader to Laggard in Shocking Reversal
* No LNG Tankers Are Loading at U.S. Export Terminals Amid Freeze
Chart of the day
The weakness can be seen on daily chart of GOLD making lower lows and lower high followed by the moving average which indicates sell signal so one can go with sell on rise strategy
Technical View
* Bullion: Day trend is indicating bearish move in the Gold and Silver.
* Energy: Day trend is indicating upside sideways in Crude oil and Natural Gas.
* Base metals: Day trend in base metal is indicating mixed move.
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