Powered by: Motilal Oswal
2024-02-27 09:59:42 am | Source: Tradebulls Securities Pvt Ltd
Crude Oil has fallen after weak demand news - Tradebulls Securities Pvt Ltd

Gold

Gold has fallen sharply after high US CPI data. Now some recovery is being witnessed. Buy on dips is recommended near 62000 for tgt of 62350 and stoploss of 61850.

 

Crude Oil

Crude Oil has fallen after weak demand news. There is some buying emerging at lower levels due to Red Sea escalations but not sustaining. Selling pressure is seen around 6550-6600. Sell on rise near 6350 for tgt of 6300 and stoploss of 6385.

 

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.

 

Please refer disclaimer at https://www.tradebulls.in/disclaimer

SEBI Registration number is INZ000171838

Disclaimer: The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references. To Read Complete Disclaimer Click Here