Crude Oil has seen strong upside momentum and is near to overbought zone but as long as it is above 6800 - Tradebulls Securities
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Gold
Gold is trading neutral to negative. The prices are below 20 and 50 DMA. 58000 seems to be the bottom for now so buy on dips near 59000 for tgt of 59500 and stoploss of 58900.
Crude Oil
Crude Oil has seen strong upside momentum and is near to overbought zone but as long as it is above 6800, buy on dips near 7000 for tgt of 7100 and stoploss of 6950.
Base Metal Update
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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