Buy Crude Oil Around 7280 SL Below 7240 TGT 7350/7420 - Axis Securities Ltd
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GOLD
Gold prices opened with upward gap and closed on a positive note around 60059 level. On the daily chart prices is trading above 20 and 60 EMA and RSI is also above its reference line which is a postive sign for prices. As long as 59600 level is intact on the downside buy on dips is recommended in Gold. Traders can buy Gold around 59800 for the target of 60000 on intraday basis
BUY GOLD AROUND 59800 SL BELOW 59600 TGT 60000
CRUDE OIL
Crude oil prices closed on a positive note in the last session. On the daily chart prices settled around 7362 level and it is up by more than 2 percent in the last session. Additionaly on the daily chart it is trading above 60 and 9 EMA and RSI is also above its reference line whcih is a positive sign for prices. Buy on dips is recommedned in Crude oil for intraday basis.
BUY CRUDE OIL AROUND 7280 SL BELOW 7240 TGT 7350/7420
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