Crude Oil is looking at some profit booking - Tradebulls Securities Pvt Ltd
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GOLD
Gold is consolidating now that it is near to overbought zone, sell on rise is recommended near 60200 for tgt of 59700 and stoploss of 60400
CRUDE
Crude Oil is looking at some profit booking. Crude oil is below 200 DMA but some bounce back is expected after sharp fall so buy on dips near 6300 for tgt of 6450 and stoploss of 6200.
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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