Buy Gold Around 61800 SL Below 61600 TGT 62000/62300 - Axis Securities
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CRUDEOIL
Mcx Crude oil prices opened with a downward gap and closed on a negative note in the last session. Prices settled around 5951 and was down by more than 1 percent. On the daily chart prices is facing strong resistance around 6050 level and it is not able to close above it which indicate selling pressure around the mentioned level. However prices is tradinga above 9 EMA which is a positive sign for prices. Traders can buy Crude oil on dips around 5900 for the target of 5970 on intraday basis.
BUY CRUDE OIL AROUND 5900 SL BELOW 5850 TGT 5970
GOLD
MCX Gold prices settled on a negative note around 62077 level. Prices was down by close to 300 points. However short term trend remains positive as it is trading above 20 and 9 EMA and RSI is also above its reference line which is a positive sign for prices. Traders can buy Gold on dips around 61800 for the target of 62000 on intraday basis.
BUY GOLD AROUND 61800 SL BELOW 61600 TGT 62000/62300
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