Base metals are trading mixed as yesterdays weak European PMI was negative for base metals - Tradebulls Securities
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Gold
Gold is trading neutral. The prices are below 20 and 50 DMA and trend is now neutral with hint of bearish trend. Sell on rise near 59500 for tgt of 59000 and stoploss of 59800.
Crude Oil
Crude Oil is positive and buy on dips near 6350 for tgt of 5300 and stoploss of 6240. Crude has made bottom around 5550. It is now looking overbought so trade with strict sl.
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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