Oil prices rise on stronger economic outlook, U.S. stockpile draw - Swastika Investmart Ltd
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News in headlines:
* Oil prices rise on stronger economic outlook, U.S. stockpile draw
* Gold Flirts With $1,750 as U.S. Bond Yields, Dollar Retreat
* Iran’s Comeback To Oil Markets Unlikely To Cause Price Crash
Chart of the day:
The day trend in GOLD is indicating sideways to upside move as forming consolidation on daily chart giving its breakout with huge buying volume which indicates buy signal so one can go long in it.
Technical View:
* Bullion: Day trend is indicating mixed move to upside 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 to upside.
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