Buy Crude Oil Around 6950 SL Below 6880 TGT 7050/7160 - Axis Securities Ltd
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GOLD
Gold prices continued is positive momentum in the last session. Prices rallied by more than 200 points and it settled around 60801 level. Prices is comfortably trading above its immediate support zone of 60000 level. On the daily chart it closed aboe 9 EMA and RSI is also above its reference line which is a positive sign for prices. Traders can buy Gold on dips around 60600 for intraday basis
BUY GOLD AROUND 60600 SL BELOW 60400 TGT 60900/61200
CRUDE OIL
Crude oil prices opened with a downward gap. However things change during the evening sessiion when Israel announced that they are preparing for ground Assault in Gaza which shifted the momentum in Crude oil favour. Prices rallies from the lows and it ended higher by more than 1 percent. Prices settled around 7066 level. Prices has respected the support zone of 6850 level for multiple times indicating demand zone near the mentioned level. Traders can Buy Crude oil on dips for intraday basis
BUY CRUDE OIL AROUND 6950 SL BELOW 6880 TGT 7050/7160
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