MENU

Published on 28/01/2020 10:19:23 AM | Source: Axis Securities Ltd

Sell Gold Below 40500 SL ABOVE 40600 TGT 40400/40300 - Axis Securities

Posted in Commodities Reports| #Commodity Tips #Axis Securities Ltd

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel https://t.me/InvestmentGuruIndia 

Download Telegram App before Joining the Channel

Crude Oil

Crude oil prices gave a gap down opening in last trading session and it traded volatile throughout the day. Prices respected the strong support zone of 3750 levels and managed to close near 3780 levels. Overall trend is looking negative to sideways for prices. Traders can buy Crude oil only if it sustains above 3800 levels on hourly basis or else prices may drift lower towards 3750 levels.

BUY CRUDE OIL ABOVE 3800 SL BELOW 3770 TGT 3830/3850

 

Gold

Gold Prices gave a gap up opening in last trading session. Prices touched intraday high of 40800 levels after it broke strong resistance zone of 40600 on the upside. However, prices failed to sustain near the day’s high and closed near 40590 levels. Strong support zone can be seen near 40500 levels. Selling is recommended only below the mentioned levels or else prices may bounce back up till 30700/30800 levels.

SELL GOLD BELOW 40500 SL ABOVE 40600 TGT 40400/40300

 

To Read Complete Report & Disclaimer Click Here

 

For More Axis Securities Disclaimer  https://simplehai.axisdirect.in/disclaimer-home  SEBI Registration number is INZ000161633

 

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer