Oil falls on concerns of Iranian supply return, inflation fears - Swastika Investmart
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News in headlines:
* Oil falls on concerns of Iranian supply return, inflation fears
* Gold prices settle at a four-month high
* Copper Rises With Industrial Metals as Supply Risks Buoy Rally
Chart of the day:
The day trend in CRUDEOIL is indicating range bound movement as failed to break the resistance and holding at the support, since it fails to break the resistance so sell on rise can be followed keeping SL above resistance.
Technical View:
* Bullion: Day trend is indicating sideways move and may face resistance in Gold and Silver.
* Energy: Day trend is indicating mixed move in Crude oil and Natural Gas.
* Base metals: Day trend in base metal is indicating mixed move.
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