Oil wobbles as demand woes stalk market after Saudi price cuts - Swastika Investmart Ltd
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News in headlines:
U.S. probing nearly 350 reports of oil spills in wake of Hurricane Ida
Oil wobbles as demand woes stalk market after Saudi price cuts
Biden to visit NY, NJ to view Hurricane Ida's destruction
Chart of the day:
NATURAL GAS: It is continuing its bullish momentum where 337-338 is an immediate support; below this, we can expect any profit booking otherwise the momentum may continue towards 360 level.
Technical View:
Bullion: Day trend is indicating sideways to sideways in Gold and Silver.
Energy: Day trend is indicating sideways in Crude oil. And uptrend in Natural gas.
Base metals: Day trend in base metal is indicating mixed move.
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