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Buy Crudeoil Above 6200 SL Below 6100 TGT 6350/6450 - Axis Securities
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GOLD
MCX Gold opened with an upward gap and remained in positive terrain throughout the day. The chart pattern suggests that if Gold crosses and sustains above 54400 level it would witness buying which would push the price towards 54700-54900 levels.Important support for the day is around 54100.
BUY GOLD ABOVE 54400 SL BELOW 54200 TGT 54700/54900
CRUDEOIL
MCX Crudeoil opened on a positive note and extended buying momentum in the first half. The hourly strength indicator RSI is moving upwards and is above its reference line indicating positive bias.Crudeoil continues to remain in an uptrend for the short term, so buying on dips continues to be our preferred strategy.
BUY CRUDEOIL ABOVE 6200 SL BELOW 6100 TGT 6350/6450
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