News Snapshot:
Bitcoin falls 8.9% to $34,156 The 'black gold' has been trading higher than 50, 100 and 200 days' moving averages but lower than the 5 and 20 days’ moving averages on the daily chart. The momentum indicator Relative Strength Index (RSI) is at 48.13, indicating neutral movement in prices. Tapan Patel, Senior Analyst (Commodities), HDFC Securities said, “Crude oil prices witnessed selling during the week with progress over Iran nuclear talks. The traders and investors reacted to a possible nuclear deal which may result in the removal of US sanctions on Iran. Crude oil prices have factored the rise in...
