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Oil edges up on weak dollar; investors weigh rising supplies, demand outlook - Swastika Investmart
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News in headlines:
* Oil edges up on weak dollar; investors weigh rising supplies, demand outlook
* Gold Cracks $1,750; Watch on Whether Yields, Dollar Will Disrupt Party
* Smaller Oil Tanker Rates Recover After OPEC+ Agrees To Ease Cuts
Chart of the day:
The day trend in GOLD is indicating upside trend as making higher highs and higher low and forming consolidation on daily chart giving its breakout with huge buying volume which indicates buy signal, so one can go long in it.
Technical View:
* Bullion: Day trend is indicating upside move in Gold and Silver.
* Energy: Day trend is indicating mixed move to upside in Crude oil and Natural Gas.
* Base metals: Day trend in base metal is indicating mixed move to upside.
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