Buy Crude Oil Around 6300 SL 6240 TGT 6370 - Axis Securities
Crude Oil
Crude oil prices extended its positive momentum in the last session as prices broke the multiple resistance zone i.e 6300 and closed above it with a gain of almost 1 percent. On the daily chart it closed above 20 and 60 EMA and RSI is also above its reference line which is a positive sign for prices.Short term is looking positive for prices. Buy on dips is recomended in Crude oil for intraday basis.
BUY CRUDE OIL AROUND 6300 SL 6240 TGT 6370
Gold prices closed slightly lower in the last session. Prices settled around 62300 level and was down by around 0.25 percent. On the daily chart prices is stuck in a trading band between 62100 and 62500 level from past few days due to lack of trigger that can drive prices in either side. However we expect prices to trade sideways with a positive bias as long as 62000 level is intact on the downside. Traders can buy Gold on dips around 62200 for the target of 62450 on intraday basis.
BUY GOLD AROUND 62200 SL 62000 TGT 62450
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