IGI Logo

GOLD

MCX Gold price is trading under pressure since support breakdown, price remains to trade lower. Sustaining below 46800 next leg of the correction would drag down the price lower towards 46500/46400 levels in intraday. The price has started trading below 9,21&60 hourly EMA which is a bearish sign for the prices.

SELL GOLD BELOW 46800 SL ABOVE 47000 TGT 46500/46400

CRUDE OIL

MCX Crude oil price is trading near strong resistance, price is expected to trade positively. Any breakout above 4825 next leg of the rally would push the price higher towards 4900/4920 levels in intraday. The momentum indicator RSI is trading at 70 it shows bullishness in the prices 

BUY CRUDE OIL ABOVE 4825 SL BELOW 4790 TGT 4900/4920

To Read Complete Report & Disclaimer Click Here

For More Axis Securities Disclaimer  https://simplehai.axisdirect.in/disclaimer-home
SEBI Registration number is INZ000161633

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer