Buy Crudeoil Above 9300 SL Below 9100 TGT 9550/9700 - Axis Securities
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Gold
MCX Gold opened with a downward gap but witnessed buying from the opening tick. The chart pattern suggests that if Gold sustains above 51050 level it would witness buying which would push It towards 51420- 51800 levels in coming days. Important support for the day is around 50800.
BUY GOLD IN THE RANGE OF 51090-51050 SL BELOW 50800 51420/51800
Crudeoil
MCX Crudeoil opened with an upward gap and remained in positive terrain throughout the day. The hourly strength indicator RSI has turned positive from the oversold territory and is above its reference line indicating positive bias. Crudeoil is sustaining aboveits 2&600 hourly 5MA which signals bullish sentiments in intraday.
BUY CRUDEOIL ABOVE 9300 SL BELOW 9100 TGT 9550/9700
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