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GOLD

Gold prices edged higher in last trading session and it closed around 51890. On hourly chart it is trading above 20 and 60 days EMA and RSI is also above 60 level which indicate that momemtum is strong for prices. Traders can buy Gold above 52000 for the target of 52100 on intraday basis.

BUY GOLD ABOVE 52000 SL BELOW 51900 TGT 52100/52300

CRUDE OIL

Crude oil price edged lower in last trading session after prices broke the strong support zone of 7500 and it drifted lower towards 7300. On hourly chart it closed below 20 and 60 days EMA which is a negative sign for prices and RSI is below 60 level which indicate that momemtum is weak for prices. Traders may sell Crude oil on rise around 7450 for the target of 7400 on intraday basis

SELL CRUDE OIL AROUND 7450 SL ABOVE 7500 TGT 7400/7350

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