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 - Tradebulls Securities Pvt Ltd
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Gold
Gold is consolidating now and is looking positive so buy on dips near 60380 for tgt of 60550 and stoploss of 60150.
GOLD CHART (Hourly)
Crude Oil
Crude Oil is looking at some profit booking. We have seen strong recovery from the lows and buy on dips near 6350 for tgt of 6450 and stoploss of 6300
CRUDE CHART (Hourly)
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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