Crude Oil has seen strong upside momentum but has corrected after USD bounce - Tradebulls Securities
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GOLD
Gold has corrected post FOMC meet. Now some bounce back has come as RSI_14 is in oversold region and on geo political concenrs..So buy on dips near 57800 for tgt of 58300 and stoploss of 57650.
Crude Oil
Crude Oil has seen strong upside momentum but has corrected after USD bounce. Sell onrise near 7150 for tgt of 7000 and stoploss of 7250.
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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Buy Crudeoil Above 6900 SL BELOW 6830 TGT 7000/7050 - Axis Securities Ltd
