Oil prices climb after drawdown in stocks - Swastika Investmart Ltd
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News in headlines:
Oil prices climb after drawdown in stocks, positive demand outlook
Colonial Pipeline partially resumes as Nicholas brings rains, wind
Oil Inventories Fell by 5.44M Barrels Last Week: API
Chart of the day:
CRUDEOIL: CRUDEOIL mange to close above key hurdle of 5140 but still struggling to show momentum where 5200-5220 is an important resistance zone. On the downside 5100 is an immediate support level while below these levels 5050 is important support zone
Technical View:
Bullion: Day trend is indicating sideways move in Gold and Silver.
Energy: Day trend is indicating sideways in Crude oil. And uptrend in Natural gas.
Base metals: Day trend in base metal is indicating up-move.
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