Buy Gold Around 47530 SL Below 47420 TGT 47630/47700 - Axis Securities
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CRUDE OIL
Crude oil prices edged higher in last trading session. On hourly chart it closed above 9 and 20 days EMA and RSI is also above 60 level which indicate that momemtum is strong for prices. Any dips towards 5940 may be used as an buying opportunity for the target of 5980 on intraday basis.
BUY CRUDE OIL AROUND 5940 SL BELOW 5900 TGT 5980/6020
GOLD
Gold prices edged higher in last trading session after prices broke the resistance zone of 47550 and closed around 47680 level on intraday basis. On hourly chart prices closed above 20 and 60 days EMA and RSI is also above 60 level which indicate that momemtum is strong for prices. Traders may buy Gold on dips around 47530 for the target of 47630 on intraday basis.
BUY GOLD AROUND 47530 SL BELOW 47420 TGT 47630/47700
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