Sell Crude Oil Around 6450 SL Above 6520 TGT 6370/6300 - Axis Securities
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GOLD
Prices closed on a flat note in last session. Prices settled around 55823 level. On daily chart immediate resistance zone is seen around 55950 level. On daily chart it is trading below 20 days EMA which is a negative sign for prices. Traders can sell near the mentioned resistance level if 55950 is protected on the upside for the target of 55800 on intraday basis. On the flipside if prices sustain above 56000 level then prices may rally higher up tilll 56500 level.
SELL GOLD AROUND 55950 SL ABOVE 56100 TGT 56800/56500
CRUDE OIL
Crude oil prices closed in red in last session. On daily chart prices settled around 6370 with a loss of 37 points. On daily chart prices has formed a red candle within previous day high low range indicating sideways trend for prices. On daily chart it is trading below 60 days EMA which is a negatie sign for prices. Traders can sell Crude oil on rallies around 6450 for the target of 6370 on intraday basis.
SELL CRUDE OIL AROUND 6450 SL ABOVE 6520 TGT 6370/6300
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