Crude Oil has seen strong upside momentum but has corrected after USD bounce - Tradebulls Securities Ltd
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Gold
Gold has corrected post FOMC meet. Now some bounce back may come as RSI_14 is in oversold region.so buy on dips in small qty near 56400 for tgt of 57000 and stoploss of 56250.
Crude Oil
Crude Oil has seen strong upside momentum but has corrected after USD bounce. 7300 is the support and Sell on rise near 7400 for tgt of 7300 and stoploss of 7450.
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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