Published on 14/12/2019 5:36:01 PM | Source: Axis Direct

Sell Gold Around 37700-37720 SL ABOVE 37820 TGT 37590/37460 - Axis Securities

Posted in Commodities Reports| #Commodity Tips #Axis Direct

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Crude Oil

Crude oil prices edged higher in today’s session after it broke the strong resistance zone of 4200 and moved higher up till 4230 levels. Overall trend is looking positive for prices as it is trading above 9 and 20 days EMA and RSI on hourly chart is trading near 60 levels which is a positive sign for prices. Traders can buy Crude oil near 4210 levels for the target of 4250 levels on intraday basis.




Gold Prices edged higher in today’s session after it was able to hold the strong support zone of 37500 levels and rallied higher up till 37650 levels. On hourly chart RSI is below 60 levels indicating low momentum in prices. Strong resistance can be seen near 37700 levels. If prices fail to sustain above the mentioned levels then we can expect some profit booking in Gold down till 37600 levels

SELL GOLD AROUND 37700-37720 SL ABOVE 37820 TGT 37590/37460


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