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Gold is trading neutral to positive - Tradebull Securities Ltd
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Gold
Gold is trading neutral to positive. The prices are above 20 and 50 DMA. 58000 seems to be the bottom for now and buy on dips near 58900 for tgt of 59200 and stoploss of 58700
Crude Oil
Crude Oil has seen strong upside momentum and is near to overbought zone so sell on rise near 7590 for tgt of 7500 and stoploss of 7650.
Base Matel Upadate
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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