Buy Crude Oil Around 6850 SL Below 6820 TGT 6880/6920 - Axis Securities
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GOLD
Gold prices edged higher in the evening session as tension between Russia and Ukraine has increased. On hourly chart prices is trading above 9 and 20 days EMA and RSI is around 60 level which is a positive sign for prices. Traders can buy Gold above the resistance zone of 50400 for the target of 50500 on intraday basis
BUY GOLD ABOVE 50400 SL BELOW 50300 TGT 50500/50600
CRUDE OIL
Crude oil prices edged higher in the evening session and made a high of 7000 level. However prices failed to sustain near the mentioned level and closed around 6880 level. Short term trend is positive for price as on hourly chart prices is trading above 60 days EMA. Traders can buy Crude oil around 6850 for the target of 6880 on intraday basis.
BUY CRUDE OIL AROUND 6850 SL BELOW 6820 TGT 6880/6920
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