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Gold is witnessing strong upmove and is looking overstretched - Tradebulls Securities Pvt Ltd
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Gold
Gold is witnessing strong upmove and is looking overstretched. Buy on dips near 78000 for tgt of 78800 and stoploss of500.
Crude Oil
Crude Oil is trying to recover after sharp sell off. It needs to breach the level of 5975 so buy only above the level of 5975 for tgt of 6100 and stoploss of 5850.
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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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