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Gold

MCX Gold opened with an upward gap and remained in positive terrain throughout the day. The chart pattern suggests that if Gold crosses and sustains above 51300 level it would witness buying which would push It towards 51600-51800 levels. Important support for the day is around 51150.

BUY GOLD ABOVE 51300 SL BELOW 51150 TGT 51600/51800

Crudeoil

MCX Crudeoil opened on a flat note and buying momentum throughout the session let it close near the day's [CRUDEOIL HOURLY CHART] {™ | sooo high. The daily strength indicator RS is moving upwards and is above its reference line indicating positive bias.Crudeoil continues to remain in an uptrend for the short term, so buying on dips continues to be our preferred strategy.

BUY CRUDEOIL ABOVE 7950 SL BELOW 7850 TGT 8100/8150

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