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Crude Oil has bounced seen good recovery but 6050 is strong hurdle so sell on rise near 6005 for tgt of 5900 and stoploss of 6075 - Tradebulls Securities Pvt Ltd
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GOLD
Gold is now coming into xmas season and so range will get constrained this week after US Fed rate cut have disappointed the market. Buy on dips near 75900 for tgt of 76800 and stoploss of 75700.
CRUDE
Crude Oil has bounced seen good recovery but 6050 is strong hurdle so sell on rise near 6005 for tgt of 5900 and stoploss of 6075.
Base Metals 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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