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Published on 24/11/2020 5:38:04 PM | Source: Axis Securities Ltd

Buy Crude Oil Above 3250 SL BELOW 3200 TGT 3320/3350 - Axis Securities

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

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Crude oil

MCX Crude oil price is trading under a rising  trend line channel ,price is expected to trade positively.Any breakout above 3250 would push the price higher towards 3320/3350 levels in intraday.Price has been trading above 60 hourly EMA which is a bullish sign for the prices.

BUY CRUDE OIL ABOVE 3250 SL BELOW 3200 TGT 3320/3350

 

Natural gas

MCX Natural gas price has given positive breakout from ascending triangle pattern,price is expected to trade positively.Sustaining above 202 would push the price higher towards 207/209 levels in intraday .The momentum indicator RSI is trading at 64 it shows bullishness in the prices.

BUY NATURAL GAS THE RANGE OF  202.201.50 SL BELOW 197 TGT 207/209

 

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