Oil drops on China intervention to ease coal crunch - Swastika Investmart
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News in headlines:
Oil drops on China intervention to ease coal crunch
Gold Steadies as Investors Weigh Prospects of Stimulus Pullback
Oil Holds Near 7-Year High as Report Points to Rising Stockpiles
Chart of the day:
COPPPER:
COPPER is given close around 792 with red note, it continues follow the uptrend but yesterday we saw some downfall from higher levels due to profit booking or fresh short sell, where upside it has an important hurdle at 812, on the downside it has an intraday support 784. While below 784 lead further weakness toward 775-770 levels.
Technical View:
Bullion: Day trend is indicating sideways to upside move in Gold and Silver.
Energy: Day trend is indicating uptrend in Crude oil. And uptrend in Natural gas.
Base metals: Day trend in base metal is indicating uptrend.
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