Gold has fallen sharply after high US CPI data. Now some recovery is being witnessed - Tradebulls Securities Pvt Ltd
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Gold
Gold has fallen sharply after high US CPI data. Now some recovery is being witnessed. Sell on rise near 62125 for tgt of 61900 stoploss of 62350.
Crude Oil
Crude Oil has fallen after news of Israel and Hamas truce rumor. There is some buying emerging at lower levels due to Red Sea escalations. Selling pressure is seen around 6550-6600. Sell on rise near 6550 for tgt of 6400 and stoploss of 6610
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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