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Published on 17/02/2020 5:24:59 PM | Source: Axis Securities Ltd

Buy Crude oil Above 3735 SL Below 3705 TGT 3780/3800 - Axis Securities

Posted in Commodities Reports| #Commodity Tips #Axis Securities Ltd #

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Nickel

Nickel price is trading under ascending triangle pattern,price is expected to trade positive.Sustaining above 975 next leg of positive rally would push price higher towards 970/975 levels,Alternatively 950 remains strong support level.On hourly chart price is trading above 9,21&60  EMA which is positive sign for price.

BUY NICKEL ABOVE 975 SL BELOW 950 TGT 970/975

 

Crude oil

Crude oil price is trading under rising trend line channel,price is expected to trade positive.Any break out above 3735 next leg of positive rally would push price higher towards 3780/3800 levels.On hourly chart price has been taking support near 20EMA which indicates any fall should be accumulated for buying.

BUY CRUDE OIL ABOVE 3735 SL BELOW 3705 TGT 3780/3800

 

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