Gold saw strong recovery after testing the support of 95000 - Tradebulls Securities Pvt Ltd

GOLD
Gold saw strong recovery after testing the support of 95000. Any correction is only expected below 95000 while on the higher side, 98800 is the resistance. For the time being, gold is stuck between 98000-96000.
Crude Oil
Crude Oil has breached its support of 5800 and now the tone is somewhat bearish. On the downside support emerges around 5600-5500 while 6000 is the resistance.
Base Metals Update
Base metals are trading mixed as yesterday’s weak European PMI was negative for base metals. Copper looks strong among all base metals.
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