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Gold

Gold has strong opening seen after US Fed gave dovish statement. We expect the upside to continue so buy on dips near 62200 for tgt of 62650 and stoploss of 62000.

Crude Oil

Crude Oil is looking at some profit booking, trend still is negative but value buying is emerging so buy on dips near 5830 for tgt of 5950 and stoploss of 5750.

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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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.