Buy Crude Oil Around 7110 SL BELOW 7070 TGT 7170/7220 - Axis Securities
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Gold
Gold prices gave a gap up opening in the morning session and clsoed on a flat note around 57600 level.
On the daily chart it managed to close above 9 EMA after two weeks which is a bullish sign for prices.
As long as 57000 level is intact on the downside we expect Gold price to rally higher up till 58000 level.
Buying is recommended around 57400 level for the target of 57600 on intraday basis.
BUY GOLD AROUND 57400 SL BELOW 57200 TGT 57600/57800
Copper
Crude oil prices gave a gap up opening and closed on a flat note in t he last session.
Prices settled around 7163 level. On the daily chart it trading above 60 EMA and RSI is also above its reference line
which indicate that momentum is positive for prices.
Traders can buy Crude oil on dips around 7110 for the target of 7170 on intraday basis.
BUY CRUDE OIL AROUND 7110 SL BELOW 7070 TGT 7170/7220
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