Nickel continues to outperform while Aluminum continues to underperform - Tradebulls Securities Ltd
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Gold
Gold is trading neutral to negative. The prices are below 20 and 50 DMA. 58000 seems to be the bottom for now and buy on dips near 58400 for tgt of 58700 and stoploss of 58200
Crude Oil
Crude Oil has seen strong upside momentum and is near to overbought zone so sell on rise near 7540 for tgt of 7400 and stoploss of 7650.
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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