MCX Crude oil prices snapped its winning streak in the last session - Axis Securities Ltd
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Gold
Gold prices extended its positive momentum in the last session. Prices closed around 62130 with a gain of more than 0.20 percent. On the daily chart prices closed above 9 EMA and momentum indicator RSI is also above its reference line which is a positive sign for prices. Traders can buy GOld on dips around 61900 for the target of 62100 on intraday basis.
Crude Oil
MCX Crude oil prices snapped its winning streak in the last session. Prices settled lower by more than 1 pecent and settled around 6436 level. On he daily chart it closed below 9 EMA and RSI edged below its reference line which is a negative sign for prices. Traders can sell Crude oil on rallies around 6500 for the target of 6440 on intraday basis.
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