Oil Builds on Seven Year-High Amid Global Energy Shortages - Swastika Investmart
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News in headlines:
U.S. oil rises to highest since 2014 amid global energy crunch
Oil Builds on Seven Year-High Amid Global Energy Shortages
Oil Inventories Unexpectedly Rise by 0.951M Barrels Last Week: API
Chart of the day
CRUDEOIL: CRUDEOIL it given fresh breakout above 5850+ close around 5895 with big bullish note, where upside it will be test 5930-5970 in upcoming session, on the downside it has an intraday immediate support around 5800-5830 while below 5800 lead further weakness.
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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