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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 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
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