Oil rises on expectation high natural gas to drive switch for heating - Swastika Investmart
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News in headlines:
Oil rises on expectation high natural gas to drive switch for heating
U.S. hopeful of reaching deal with EU on metals tariffs by end-October -source
Column-China's energy woes showing up in divergent commodity imports: Russell
Chart of the day
GOLD: GOLD is given close around 47916 above resistance levels of 47650-47700, where upside it has intraday immediate resistance around 48300-48500. On the downside it has an intraday immediate support at 47450-47500 levels, while below 47450 lead further weakness.
Technical View:
Bullion: Day trend is indicating sideways move in Gold and Silver.
Energy: Day trend is indicating uptrend in Crude oil. And uptrend in Natural gas.
Base metals: Day trend in base metal is indicating uptrend.
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