Sell Crude Oil Around 5500 SL Above 5530 TGT 5470/5440 - Axis Securities
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GOLD
Gold prices traded volatile in last session and closed on a flat note near 47700 level.On hourly chart prices is trading above 60 days EMA and RSI has alos taken support near 40 level mark indicating high reversal in prices. Traders can buy Fgold around 47700 for the target of 47800 on intraday basis.
BUY GOLD AROUND 47700 SL BELOW 47600 TGT 47800/47950
CRUDE OIL
Crude oil prices edged higher in last trading session after prices respected the strong support zone of 5300 and clsoed around 5425 level. On hourly chart prices prices is trading below 60 days EMA which is a negative sign for prices. Immediate resistance zone can be seen around 5500 level which can be used as an selling opportuntiy for prices for the target of 5470 level on intraday basis.
SELL CRUDE OIL AROUND 5500 SL ABOVE 5530 TGT 5470/5440
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