Buy Cruideoil Above 5900 SL BELOW 5800 TGT 6030/6100 - Axis Securities Ltd
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GOLD
MCX Gold opened with an upward gap and remained lackluster within a narrow trading range throughout the noroo day. The chart pattern suggests that if Gold crosses and sustains above 60450 level it would witness buying which en would push the price towards 60750- 61000 levels. Important support for the day is around 60000.
BUY GOLD ABOVE 60450 SL BELOW 60200 TGT 60750/61000
CRUDEOIL
MCX Crudeoil opened on a flat note and buying momentum throughout the session let it to trade near the day's high. The hourly strength indicator RS] is moving upwards and is above its reference line indicating positive bias. On the hourly chart Crude Oil is trading above 20and60 hourly EMA's indicating bullishness in intraday.
BUY CRUDEOIL ABOVE 5900 SL BELOW 5800 TGT 6030/6100
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