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Gold

Gold prices prices opened with a upward gap and closed on a positive note in the last session. Prices respected the multiple support zone of 59400 level and had managed to closed above it. Prices settled around 59770 and was up by more than 0.65 percent. On the daily chart prices is up by more than 20 and 60 EMA and RSI is also above its reference line which indicate that momentum is titled towards upside. Traders can buy Gold on dips around 59500 for the target of 59700 on intraday basis

BUY GOLD AROUND 59500 SL BELOW 59350 TGT 59700/60000

Crude Oil

Crude oil prices rallied in the last session after better than expected economic data print. Prices was up by more than 0.55 percent and settled around multi month high around 6587 level. On the daily chart is is trading above 20 and 60 EMA and RSI is also above 60 level which indicate that momentum is tilted towards upside. Traders can buy Crude oil on dips around 6520 for the target of 6580 for intraday basis.

BUY CRUDE OIL AROUND 6520 SL BELOW 6480 TGT 6580/6620

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