Palm oil drops over 1% on cheaper rival oils - Swastika Investmart Ltd
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Key headlines:
* Palm oil drops over 1% on cheaper rival oils
* Gold rises as U.S. stimulus hopes bolster appeal
* Oil demand outlook in Q1 appears murkier amid slow Europe vaccine rollout
Chart of the day:
The day trend in LEAD is showing reversal from support on the daily chart making higher highs and higher low with good buying volume which indicates buy signal so one can go long in it.
Technical View:
* Bullion: Day trend is indicating sideways to upside move in the Gold and silver.
* Energy: Day trend is indicating mixed move in Crude oil and Natural Gas.
* Base metals: Day trend in base metal is indicating mixed move to upside.
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