01-01-1970 12:00 AM | Source: Swastika Investmart Ltd
Oil prices set for first weekly drop since August as supply concerns ease - Swastika Investmart
News By Tags | #473 #2911

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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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