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 witnessing strong upmove and is looking overstretched. Sell on rise near 78500 for tgt of 77200 and stoploss of 79000.
Crude Oil
Crude Oil is trying to make breakout after trading in narrow range. It needs to breach the level of 6050 so buy only above the level of 6050 for tgt of 6150 and stoploss of 6000.
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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