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Oil rises on bargain-hunting, expectations OPEC+ will not boost supply soon - Swastika Investmart
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News in headlines:
* Oil rises on bargain-hunting, expectations OPEC+ will not boost supply soon
* The Remarkable Rise of U.S. LNG
* Russia to reach record-high oil production by summer 2022 – forecast
Chart of the day:
Copper is trading near critical support zone of 721-722 and if it manages to hold this zone then we can expect a bounce back towards 740 levels while a move below 720 can lead a further selling pressure towards 715 levels.
Technical View:
* Bullion: Day trend is indicating sideways to upside in Gold and Silver.
* Energy: Day trend is indicating support in Crude oil. And Natural gas.
* Base metals: Day trend in base metal is indicating mixed move.
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