Base metals are trading mixed as yesterday`s weak European PMI was negative for base metals

16-07-2024 11:46 AM | Source: Tradebulls Securities

Base metals are trading mixed as yesterday`s weak European PMI was negative for base metals - Tradebulls Securities Pvt Ltd

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Gold

Gold is trading positive. Today we might continue to see positive movement so buy on dips near 72700 for tgt of 73200 and stoploss of 72500

Crude Oil

Crude Oil has started recovering again. Only below 6500 can we see any serious correction. Sell on rise near 6890 for tgt of 6700 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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Base metals are trading mixed as yesterday`s weak European PMI was negative for base metals - Tradebulls Securities Pvt Ltd

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