Sell Crude Oil AROUND 7550 SL ABOVE 7600 TGT 7500/7400 - Axis Securities
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Gold
Gold prices closed on a positive note in the last session. Prices was up by more than 100 points and it closed above the strong resistance zone of 59300 level which is positive sign for prices. On the daily chart prices is trading above 20 and 60 EMA and RSI is also above its refernce line which indicate that momentum is strong for prices. Traders may buy Gold on dips around 59100 for the target of 59300 on intraday basis.
BUY GOLD AROUND 59100 SL 58900 TGT 59300/59600
Crudeoil
Crude oil prices snapped its winning streak in the last session and closed on a negative note. Prices opened with a downward gap and settled around 7466 level . It was down by almost 2 percent in the last session. Momentum indicator RSI is trading below its reference line which is negative for prices. Sell on rise is recommended in Crude oil for intraday basis.
SELL CRUDE OIL AROUND 7550 SL ABOVE 7600 TGT 7500/7400
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