Buy Crudeoil Above 6770 SL Below 6700 TGT 6900/6950 - Axis Securities
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Gold
MCX Gold opened on a flat note and buying momentum throughout the session. The daily strength indicator RSI has turned positive from the oversold territory and is above its reference line dicating positive bias. The price is moving in a Higher top and Higher botton formation on the hourly chart indicating sustained up trend.
BUY GOLD ABOVE 59400 SL BELOW 59200 TGT 59650/59800
Crudeoil
MCX Crudeoil opened with an upward gap and remained in positive terrain throughout the day. The chart pattern suggests that if Crudeoil crosses and sustains above 6770 level it would witness buying which would push the price towards 6900-6950 levels.Important support for the day is around 6700.
BUY CRUDEOIL ABOVE 6770 SL BELOW 6700 TGT 6900/6950
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