Sell Crude Oil Above 6760 SL Below 6730 TGT 6790/6830 - Axis Securities
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GOLD
Gold prices edged lower in the morning session after it broke the support zone of 50050 level. However it took the support around 49800 and rallied up till 50000 level on account of short covering. Trend for intraday remains negative as it is trading below 20 days EMA on hourly chart. Traders may sell Gold on rise around 50100 for the targt of 49960 level
SELL GOLD AROUND 50100 SL ABOVE 50200 TGT 49960/49800
CRUDE OIL
Crude oil price edged higher in the morning session and presently it is trading around 6730 level. On hourly chart it is trading above 9 and 20 days EMA which is a positve sign for prices. Resistance zone is seen around 6760 level. Breakout above the mentioned level may push prices higher towards 6800 level on intraday basis
SELL CRUDE OIL ABOVE 6760 SL BELOW 6730 TGT 6790/6830
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