Rapid Demand Recovery Hints At Even Higher Oil Prices - Swastika Investmart
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News in headlines:
Oil falls after U.S. inventories post surprise gain
Democrats weigh first nationwide fee on plastic in U.S. budget negotiations
Rapid Demand Recovery Hints At Even Higher Oil Prices
Chart of the day:
GOLD: GOLD given close below important support level of 45800 around 45585 with bearish note, where upside it has an immediate hurdle around 45800-46100 zone, on the downside it will be test 45000-44800 levels in upcoming session while above 46100 lead some positive upside move toward 46300-46500 levels.
Technical View:
Bullion: Day trend is indicating downside move in Gold and Silver.
Energy: Day trend is indicating uptrend in Crude oil. And uptrend in Natural gas.
Base metals: Day trend in base metal is indicating mix-move
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