2024-02-21 09:48:32 am | Source: Tradebulls Securities Pvt Ltd
Gold has fallen sharply after high US CPI data - Tradebulls Securities Pvt Ltd
Gold
Gold has fallen sharply after high US CPI data. Now some recovery is being witnessed. Buy on dips near 61800 for tgt of 62200 and stoploss of 61600.
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 6450 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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