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Buy Crudeoil Above 6550 SL Below 6450 TGT 6680/6740 - Axis Securities
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Gold
MCX Gold opened with an upward gap and remained in positive trerrain throughout the day. The chart pattern suggests that if Gold crosses and sustains above 59700 level it would witness buying which would push the price towards 60000-60200 levels. Important support for the day is around 59400.
BUY GOLD ABOVE 59700 SL BELOW 59500 TGT 60000/60200
Crudeoil
MCX Crude oil opened with an upward gap and remained in positive terrain throughout the day. The daily strength indicator RSI is moving upwards and is above its reference line indicating positive bias. Crudeoil continues to ramain in an uptrend for the short term, so buying on dips continues to be our preferred strategy.
BUY CRUDEOIL ABOVE 6550 SL BELOW 6450 TGT 6680/6740
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