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Oil prices set for first weekly drop since August as supply concerns ease - Swastika Investmart
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News in headlines:
* Oil Mixed, Set for First Weekly Loss Since August Over Diminishing Supply Concerns
* Oil prices set for first weekly drop since August as supply concerns ease
* Sinopec expects Q4 sales prices for natural gas to rise 20% or more
Chart of the day:
CRUDEOIL: CRUDEOIL is consolidating in the range of 6050-6250 where move above 6250 can lead to some more upside towards 6300-6350 while if it slips below 6050 level then it may head towards 6000- 5950 zone.
Technical View:
* Bullion: Day trend is indicating sideways to upside move in Gold and Silver.
* Energy: Day trend is indicating sideways to upside in Crude oil & Natural gas.
* Base metals: Day trend in base metal is indicating downtrend.
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