Oil prices fall on rising U.S. dollar, expectations for supply gains- Swastika Investmart
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Key headlines:
* Oil prices fall on rising U.S. dollar, expectations for supply gains
* Gold Sinks With Wall Street as U.S. Bond Yields Run Riot
* Oil Down, Investors Look to OPEC+ Meeting for Production Stance
Chart of the day:
The upside moves can be seen on the daily chart of crude oil making higher highs and higher low which indicates buy signal so buy on dips can be followed.
Technical View
* Bullion: Day trend is indicating sideways to downside move in the Gold and Silver.
* Energy: Day trend is indicating sideways to upside move in Crude oil and sideways in Natural Gas.
* Base metals: Day trend in base metal is indicating mixed move.
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