Oil prices rise on expected economic recovery, likely drawdown in oil stocks - Swastika Investmart
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Key headlines:
* Oil prices rise on expected economic recovery, likely drawdown in oil stocks
* Gold: Hunt Continues for Bottom in $1,600 Territory
* $70 Oil May Cause Slowdown In Demand Recovery
Chart of the day:
The sideways to downside move can be seen on GOLD as failed to hold its support level so sell on rise can be done.
Technical View:
* Bullion: Day trend is indicating sideways move to downside in the Gold and Silver.
* Energy: Day trend is indicating mixed move in Crude oil and in Natural Gas.
* Base metals: Day trend in base metal is indicating mixed move.
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