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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 bullish trend. Buy on dips near 59500 for tgt of 59900 and stoploss of 59300..

Crude Oil

Crude Oil is positive and buy on dips near 6650 for tgt of 6750 and stoploss of 6550. 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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