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GOLD:-

After hovering near the 100 EMA level for multiple trading sessions, MCX GOLD prices have finally broken below the key support levels on daily chart. We may expect prices heading towards 45000 level in coming sessions.

SELL MCX GOLD DEC IN THE RANGE OF 46100 TO 46300 FOR THE TARGET OF 45000/44500 WITH STOP LOSS ABOVE 47300.

CRUDEOIL:-

After taking support at 20 MA level on daily chart, MCX CRUDEOIL prices are set to head towards new highs in coming sessions. The RSI indicator on weekly chart is now in bullish zone and suggesting the further strength in the momentum. Any dip can be used as an opportunity to create long positions in the counter.

BUY MCX CRUDEOIL OCT IN THE RANGE OF 5400 TO 5450 FOR THE TARGET OF 5650/5800 WITH STOP LOSS BELOW 5200.

NATURAL GAS:- MCX NATURAL GAS prices are trading above all the key averages on weekly and daily charts. The RSI indicator on daily and weekly charts is also showing the strength in momentum on the upside. Also prices have taken support at 20 MA level on daily chart which suggests the strength in the primary trend. Any dip can be used as an opportunity to go long in the counter.

BUY MCX NATURAL GAS OCT IN THE RANGE OF 370 TO 380 FOR THE TARGET OF 410/430 WITH STOP LOSS BELOW 350.

GUARSEED:-

Technically, NCDEX GUARSEED prices are trading in a strong uptrend on weekly chart. However, on daily chart prices are have consolidated in past few trading sessions. Going forward, level of 6100 is the key resistance for the counter. Breaking above this level we may see prices heading sharply higher towards 7000 level.

BUY NCDEX GUARSEED OCT ABOVE 6100 FOR THE TARGET OF 6700/7000 WITH STOP LOSS BELOW 5800.

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