Oil steadies but Europe pandemic outlook knocks demand hopes - Swastika Investmart
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News in headlines:
* Oil steadies but Europe pandemic outlook knocks demand hopes
* Gold Extends Drop as Surge in Treasury Yields Weighs on Demand
* Oil Up, But Concerns About Fuel Demand and Strengthening Dollar Remain
Chart of the day:
The day trend in LEAD is indicating sideways to upside move as bouncing back from the support with good buying volume and expected to sustain over moving average on daily chart so one can long in it at buy on dips strategy.
Technical View:
* Bullion: Day trend is indicating mixed move in the Gold and Silver.
* Energy: Day trend is indicating mixed move in Crude oil and in Natural Gas.
* Base metals: Day trend in base metal is indicating mixed move
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