Base metals are trading mixed as yesterday`s weak European PMI was negative for base metals - Tradebulls Securities
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Gold
Gold has corrected post FOMC meet. Now some profit booking may come so sell on rise near 59000 for tgt of 58700 and stoploss of 59250.
Crude Oil
Crude Oil has seen strong upside momentum and is near to overbought zone. For2 trading session, profit booking is evident so sell on rise near 7550 for tgt of 7400 and stoploss of 7650
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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