Buy Crude Oil AROUND 6450 SL BELOW 6400 TGT 6520/6600 - Axis Securities
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Gold
Gold prices rallies in the last session as softer inflation data print from USA boosted Bullion prices as Fed may avoid further rate hikes. Prices settled around 60075 level and was up by more than 200 points. On the daily chart momentum indicator RSI is trading above its reference line which is a positive sign for prices. Traders can buy Gold on dips around 60000 level for the target of 60200 on intraday basis.
BUY GOLD AROUND 60000 SL BELOW 59850 TGT 60200/60400
Crude oil
Crude oil prices rallies in the last session after prices broke the resistance zone of 6500 level. However it failed to sustain near the day's high of 6600 and closed ona flat note around 6503 level. Near term trend is looking positive for prices as it is trading above 9 EMA on the daily chart. Neat term trend is looking positive as long as prices is trading above 6300 level. Buy on dips is recommended in Crude oil for intraday basis.
BUY CRUDE OIL AROUND 6450 SL BELOW 6400 TGT 6520/6600
For More Axis Securities Disclaimer https://simplehai.axisdirect.in/disclaimer-home
SEBI Registration number is INZ000161633
Top News
Ensure affordable credit to MSMEs to achieve $1 tn merchandise exports target: Piyush Goyal
Tag News
Buy Zinc Above 259 SL. BELOW 256 TGT 263/264 - Axis Securities Ltd
