Base metals are trading mixed as yesterday`s weak European PMI was negative for base metals - - Tradebulls Securities
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GOLD CHART (Hourly)
Gold is trading neutral to positive. The prices are above 20 and 50 DMA. 58300 seems to be the bottom for now so buy on dips near 58400 for tgt of 58900 and stoploss of 58100.
CRUDE CHART (Hourly)
Crude Oil correction continues and is looking weak so sell on rise near 6650 for tgt of 6520 and stoploss of 6690.
Base metals
Base metals are trading mixed as yesterday’s weak European PMI was negative for base metals. Nickel continues to outperform while Aluminum continues to underperform.
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