Crude Oil has breached its support of 5800 and now the tone is somewhat bearish

2025-07-29 09:52:32 am | Source: Tradebulls Securities Pvt Ltd

Crude Oil has breached its support of 5800 and now the tone is somewhat bearish - Tradebulls Securities Pvt Ltd

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Gold

Gold saw strong recovery after testing the support of 97000. Any correction is only expected below 97000 while on the higher side, 10000 is the resistance. For the time being, gold is stuck between 100000- 97000.

Crude Oil

Crude Oil has breached its support of 5800 and now the tone is somewhat bearish. On the downside support emerges around 5600-5500 while 5800 is the resistance.

Base Metals Update

Base metals are trading mixed as yesterday’s weak European PMI was negative for base metals. Copper looks strong among all base metals.

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Crude Oil has breached its support of 5800 and now the tone is somewhat bearish - Tradebulls Securities Pvt Ltd

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