Oil prices slide as coronavirus lockdown concerns outweigh Suez Canal disruptions - Swastika Investmart
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News in headlines:
* Oil prices slide as coronavirus lockdown concerns outweigh Suez Canal disruptions
* Gold futures mark first gain in 3 sessions
* U.S. oil prices gain nearly 6% as a ship blocks passage through the Suez Canal
Chart of the day:
The day trend in ZINC is indicating sideways to downside move as failed to gain upside move and making resistance on daily chart also facing moving average and not able to sustain upside so one can go short with sell on rise strategy
Technical View:
* Bullion: Day trend is indicating sideways move in the 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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