Oil prices rise on weaker dollar, likely drawdown in U.S. stocks - Swastika Investmart
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News in headline:
* Oil prices rise on weaker dollar, likely drawdown in U.S. stocks
* Gold Nears $1,800, Then Backs off as Yields Recover
* China boosts crude oil storage, but higher price may deter future builds
Chart of the day:
The day trend in NATURAL GAS is indicating sideways to upside move, making higher highs and higher low formation with good buying volume giving the trendline breakout on daily chart and managed to sustain above it so one can go long in it.
Technical View:
* Bullion: Day trend is indicating sideways to upside move but may face resistance 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 sideways to upside move
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