Buy Crudeoil Above 7100 SL BELOW 6970 TGT 7300/7400 - Axis Securities
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Gold
MCX Gold opened sharply lower with a downward gap and selling pressure throughout the session. The chart pattern suggests that if Gold breaks and sustains below 49650 level it would witness selling which would drag the price towards 49400-49200 levels. Important resistance for the day is placed at 49900.
SELL GOLD BELOW 49650 SL ABOVE 49800 TGT 49400/49200
Crudeoil
MCX Crudeoil opened with a downward gap and traded with extreme volatility on either side of the day. The chart pattern suggests that if Crudeoil crosses and sustains above 7100 level it would witness buying which would push the price towards 7300-7400 levels. Important support for the day is around 6800 levels.
BUY CRUDEOIL ABOVE 7100 SL BELOW 6970 TGT 7300/7400
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