Oil strengthens on prospect of OPEC+ maintaining supply cuts, drop in U.S. inventories - Swastika Investmart
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Key headlines:
* Oil strengthens on prospect of OPEC+ maintaining supply cuts, drop in U.S. inventories
* Gold Woes Continue for Longs as $1,700 Support Tested
* OPEC+ committee makes on April oil quota recommendation ahead of March 4 meeting
Chart of the day:
The upside move can be seen on the chart of CRUDEOIL as taking support on the daily chart with good buying volume which indicates buy signal so one can go long in it.
Technical View:
* Bullion: Day trend is indicating mixed move to downside 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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