Crude Oil is not correcting after strong up rally - Tradebulls Securities Pvt Ltd
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Gold
Gold opened strong after FOMC showed that Fed is on course for three rate cut this year. Now some correction should be waited. Buy on dips is recommended near 66300 for tgt of 66600 and stoploss of 66150.
Crude Oil
Crude Oil is not correcting after strong up rally. Sell on rise near 6850 for tgt of 6700 and stoploss of 6899.
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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