Oil retreats on rising U.S. dollar, though Texas supply choked - Swastika Investmart
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Key headlines:
* Gold Drops a Fifth Day as Bond Yield Rally Delivers ‘Fatal Blow’
* Oil retreats on rising U.S. dollar, though Texas supply choked
* U.S. deep freeze prompts natural-gas rally, and uranium prices melt up
Chart of the day
On the daily chart NATURAL GAS price pushed back from its resistance which was near 231 and it has closed below that level. So, for the day we can see profit booking and we can initiate short position on the rise.
Technical View
* Bullion: Day trend is indicating bearish move in the Gold and Silver.
* Energy: Day trend is indicating upside sideways in Crude oil and Natural Gas.
* Base metals: Day trend in base metal is indicating mixed move.
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