Sell Gold Around 62000 SL Above 62100 TGT 61800 - Axis Securities
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CRUDE OIL
Crude oil prices extended its winning streak in the last session. Settlement was around 6268 level and prices was up by more than 2 percent. On the daily chart it has formed a large green candle and has closed above its previous session high which is a positive sign for prices. Moreover it is trading above 20 and 9 EMA which is a bullish sign for prices. Traders can buy Crude oil on dips around 6140 for the target of 6200 level.
BUY CRUDE OIL AROUND 6140 SL 6080 TGT 6200
Gold
Gold prices closed on a flat note in the last session and it continued to remain under the bear grip. Prices settled below 20 and 9 EMA on the daily chart and RSI is below 60 level mark indicating lack of strength in the counter. We expect Gold prices to remain under pressure as long as 62100 is intact on the upside. Sell on rise is recommended in Gold for intraday basis.
SELL GOLD AROUND 62000 SL ABOVE 62100 TGT 61800
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