Buy Crude Oil Around 6820 SL BELOW 6790 TGT 6860/6900 - Axis Securities
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GOLD
Gold prices traded in a range between 50000 and 50130 level in the evening session. As Russian and Ukraine tension escalated , Comex gold prices broke the resistance zone of $1900 and it is trading around $1910 in the future. We expect a gap up opening in MCX. Overall trend remains positive for Gold. Dips in prices can be used as an buying opportunity
BUY GOLD AROUND 50100 SL BELOW 50000 TGT 50250/50400
CRUDE OIL
Crude oil prices rallied higher in last trading session. Prices was up by more than 2 percent as Russia and Ukraine tension increased. Technically speaking prices is trading above 9 and 20 days EMA which is a positive sign for prices. Tradres can buy Crude oil around 6820 for the target of 6860 on intraday basis.
BUY CRUDE OIL AROUND 6820 SL BELOW 6790 TGT 6860/6900
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