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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 71600 level it would witness selling which would drag the price towards 71300-71100 levels. Important resistance for the day is placed at 72200.

SELL GOLD BELOW 71600 SL ABOVE 71800 TGT 71300/71100

Crudeoil

MCX Crudeoil opened sharply lower with a downward gap and selling pressure throughout the session. The chart pattern suggests that if Crudeoil breaks and sustains below 7050 level it would witness selling which would drag the price towards 6900-6850 levels. Important resistance for the day is placed at 7150.

SELL CRUDEOIL BELOW 7050 SL ABOVE 7150 TGT 6900/6850

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