Precious Metal::: Gold futures are trading at $1295.45, 0.64% above from its previous close. The precious metal has given a breakout of 'Cup and Holder' pattern, which is a trend following pattern. Gold lovers are advised to stay long in safe-heaven asset. On domestic front, MCX Gold is trading in a 'symmetrical triangle' pattern at 32030, 0.64% above from its previous close.
Energy::: People who think that bulls are away from the equity and commodity markets, its time for them to look at the rally delivered by Black gold. The Black Gold has shown the gains of 26% in previous two weeks. On hourly chart, Crude Oil WTI is forming higher highs and higher lows pattern. In domestic market, MCX Crude Oil is trading at 3749, almost 2% above from its previous close. A strong resistance is placed near 3879 levels. MACD is on the verge of giving a bullish crossover while RSI is trading near 60.74 levels.