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Gold pries extended its winning streak in the last session - Axis Securities Ltd
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Gold
Gold pries extended its winning streak in the last session. Prices made a new 52 week high of Rs 69130 level. Settlment was around 68980 and it was up by almost 1percent. On the daily chart it is trading above 20 and 60 EMA and RSI is also above its reference line which indicate that momentum is strong on the upside. Traders can buy Gold on dips around 68600 for the target of 68850
Crude Oil
Crude oil prices extended its bullish momentum in the last session. On the daily chart it settled around the new multi month high of 7077 level and it was up by more than 1 percent. Supply related cocerns from Russia fueled the rally in the counter. Technically it is looking strong as it is trading above 20 and 60 EMA and RSI is also above its refernce line which indicate that momentum is strong on the upside. Traders can buy Crude oil on dips around 7000 for the target of 7060 on intraday basis.
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