Powered by: Motilal Oswal
2024-08-06 11:20:43 am | Source: Tradebulls Securities
Crude Oil has started recovery after geopolitical tension increasing - Tradebulls Securities Pvt Ltd
Crude Oil has started recovery after geopolitical tension increasing - Tradebulls Securities Pvt Ltd

GOLD

Gold is showing signs of profit booking after strong up rally. Sell on rise near 70200 for tgt of 69300 and stoploss of 70700.

 

 

Crude Oil

Crude Oil has started recovery after geopolitical tension increasing but the yen carry trade unwinding have been negative.Sell on rise near 6160 for tgt of 6000and stoploss of 6200.

 

 

Base metals 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 INZ00017183

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