Oil prices edge lower in wake of jump on OPEC+ supply restraint - Swastika Investmart
News in headlines:
Oil Up, but OPEC+ Decision to Restrain Supply Caps Gains
Japan chief cabinet secretary Matsuno says rising oil prices would hurt corporate profits
Oil prices edge lower in wake of jump on OPEC+ supply restraint
Chart of the day:
CRUDEOIL: CRUDEOIL it given fresh breakout above 5700+ close around 5825 with big bullish note, where upside it will be test 5850-5900 in upcoming session, on the downside it has an intraday immediate support around 5720-5680 while below 57000 lead further weakness.
Technical View:
Bullion: Day trend is indicating downside move in Gold and Silver.
Energy: Day trend is indicating uptrend in Crude oil. And uptrend in Natural gas.
Base metals: Day trend in base metal is indicating mix-move.
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