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Crude Oil has fallen after news of Israel and Hamas truce rumor -Tradebulls Securities
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Gold:
Gold is witnessing some profit booking after high US CPI data. Sell on rise near 61650 for tgt of 61000 and stoploss of 61850.
Crude Oil:
Crude Oil has fallen after news of Israel and Hamas truce rumor. There is some buying emerging at lower levels due to Red Sea escalations. Buy on dips near 6340 for tgt of 6490 and stoploss of 6280.
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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