Buy Crude Oil Above 7450 SL Below 7370 TGT 7550/7600 - Axis Securities
Gold
MCX Gold opened with an upward gap and remained lackluster within a narrow trading range throughout the first session. The chart pattern suggests that if Gold crosses and sustains above 52700 level it would witness buying which would lead the It towards 53000-53100 levels. Important Support for the day is around 52300.
BUY GOLD ABOVE 52700 SL BELOW 52500 TGT 53000/53100
Crude Oil
MCX Crudeoil opened with an upward gap and remained in positive terrain throughout the day. The daily strength indicator RSI has turned positive from the oversold territory and is above its reference line indicating positive bias. Price continues to move in a higher Top and higher bottom formation on the hourly chart indicating positive bias.
BUY CRUDE OIL ABOVE 7450 SL BELOW 7370 TGT 7550/7600
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