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 negative. The prices are below 20 and 50 DMA. Sell on rise near 59200 for tgt of 58900 and stoploss of 59450.
CRUDE CHART (Hourly)
Crude Oil is in overbought zone so refrain from selling as there is no reversal onchart so buy on dips near 6930 for tgt of 7050 and stoploss of 6880.
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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