Crude Oil has seen strong upside momentum and is near to overbought zone - Tradebulls Securities
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Gold
Gold has corrected post FOMC meet. Now some profit booking may come so sell on rise near 58400 for tgt of 58000 and stoploss of 58550.
Crude Oil
Crude Oil has seen strong upside momentum and is near to overbought zone. Still price have not shown any exhaustion so buy on dips near 7550 for tgt of 7650 and stoploss of 7500
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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