2024-02-20 09:16:28 am | Source: Tradebulls Securities 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 61400 for tgt of 61900 and stoploss of 61200.
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. Sell on rise near 6450 for tgt of 6350 and stoploss of 6520.
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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