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23-02-2024 09:56 AM | Source: Tradebulls Securities Pvt Ltd
Crude Oil has fallen after news of Israel and Hamas truce rumor - Tradebulls Securities Pvt Ltd

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Gold

Gold has fallen sharply after high US CPI data. Now some recovery is being witnessed. Buy on dips near 62100 for tgt of 62500 and stoploss of 61900.

 

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. Selling pressure is seen around 6550-6600. Sell on rise near 6550 for tgt of 6450 and stoploss of 6610.

 

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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