Palm oil falls nearly 2% on weak Jan exports, higher Indian tax - Swastika Investmart
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Key headlines:
* Palm oil falls nearly 2% on weak Jan exports, higher Indian tax
* Oil prices rise as producers commit to output restraint
* Silver slips from 8-year peak as investors book profit
Chart of the day:
The inverse head and shoulder pattern can be seen on daily chart which indicates upside move and also expected to give breakout so one can go long in it.
Technical View:
* Bullion: Day trend is indicating sideways 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.
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