Buy Crudeoil Above 7140 SL Below 7040 TGT 7300/7350 - Axis Securities
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Gold
MCX Gold opened on a flat note and remained in a small range throughout the day. The chart pattern suggests that if Gold breaks and sustains below 60800 level it would witness selling which would drag the price towards 60500-60300 levels. Important resistance for the day is placed at 6100.
SELL GOLD BELOW Commodity 60800 SL ABOVE 61000 TGT 60500/60300
Crudeoil
MCX Crudeoil opened with an upward gap and remained in positive terrain throughout the day. The chart pattern suggests that if Crudeoil crosses and sustains above 7140 level it would witness buying which would push the price towards 7300-7350 levels.Important support for the day is around 7000.
BUY CRUDEOIL ABOVE 7140 SL BELOW 7040 TGT 7300/7350
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