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GOLD

Gold prices edged lower in last trading session. Prices closed below 20 and 60 days EMA and RSI is also below 60 level which indicate that momemtum is weak for prices. However it strong support zone is seen around 51600 level. Traders can buy Gold around the mentioned level for the target of 51700 on intraday basis.

BUY GOLD AROUND 51600 SL BELOW 51500 TGT 51700/51850

CRUDE OIL

Crude oil prices edged lower in last trading session after prices broke the strong support zone of 7800 level and it closed around 7560 level. It closed below 20 and 60 days EMA and RSI is also below 60 level which indicate that momemtum is weak. However prices is taking support near 7500 from past few days indicating demand zone for prices. Traders can buy Crude oil around the mentioned level for the target of 7550 on intraday basis.

BUY CRUDE OIL AROUND 7500 SL BELOW 7450 TGT 7550/7590

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