Gold is now coming into xmas season and so range is getting constrained - Tradebulls Securities Pvt Ltd
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GOLD
Gold is now coming into xmas season and so range is getting constrained. Buy on dips near 76400 for tgt of 77000 and stoploss of 76000.
CRUDE OIL
Crude Oil has bounced from oversold region but still one can go short near 5870 for tgt of 5750 and stoploss of 5920.
Base Metals 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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Quote on Gold and Crude by Kaynat Chainwala, AVP-Commodity Research, Kotak Securities
