Oil falls in breather after two-day rally on supply issues - Swastika Investmart
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News in headlines:
* Oil falls in breather after two-day rally on supply issues
* U.S. heavy oil prices rise as market braces for Mexico supply hit
* China And Iran Zero-In On Oman’s Massive New Oil Storage Project
Chart of the day:
NATURAL GAS: It is facing resistance around 297-297.5 and if it closes above 297.5 level then we can see sharp upside move towards 305-310 levels otherwise sideways move will be continued in 296-288 zone.
Technical View:
* Bullion: Day trend is indicating sideways to downside in Gold and Silver.
* Energy: Day trend is indicating downtrend in Crude oil. And support in Natural gas.
* Base metals: Day trend in base metal is indicating downside move.
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