The prices are below 20 and 50 DMA - Tradebulls Securities
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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 but sell on rise near 58700 for tgt of 58200 and stoploss of 58900
Crudeoil
Crude Oil has seen strong upside momentum and is near to overbought zone but as long as it is above 7300, buy on dips near 7340 for tgt of 7450 and stoploss of 7250.
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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