Oil takes breather after latest charge amid tight market - Swastika Investmart
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News in headlines:
* Oil takes breather after latest charge amid tight market
* China NDRC studying mechanism to stabilise coal prices over long-run
* Exxon calls for carbon price, working on CCS projects across Asia
Chart of the day:
NATURAL GAS: NATURAL GAS is continuing its bullish momentum after few days of consolidation where 460-462 is intraday and immediate resistance level. On the downside 440 is an immediate support level while below 440 level, it may see further weakness toward 430-425.
Technical View:
* Bullion: Day trend is indicating sideways to upside move in Gold and Silver.
* Energy: Day trend is indicating sideways to upside in Crude oil & Natural gas.
* Base metals: Day trend in base metal is indicating sideways.
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