Oil drops to below $66, lowest since May, on demand concerns - Swastika Investmart
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News in headlines:
* Oil drops to below $66, lowest since May, on demand concerns
* Gold Down as Possibility of Fed Taper Boosts Dollar
* Oil Prices Fall to Lowest Point Since May on Stronger Dollar
Chart of the day:
Copper in daily chart given close below important support level of 717-718 with big bearish candle more downside fall expected toward 670 and below.
Technical View:
* Bullion: Day trend is indicating sideways to downside in Gold and Silver.
* Energy: Day trend is indicating support in Crude oil. And Natural gas.
* Base metals: Day trend in base metal is indicating downside move.
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