Published on 20/11/2020 5:04:59 PM | Source: Axis Securities Ltd
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Crude oil
MCX Crude oil price is trading under an ascending triangle positively.Any breakout above 3150 would push the price higher towards 3220/3250 levels in intraday. Price has started trading above 20&60 hourly EMA which is a bullish sign for the prices.
BUY CRUDE OIL ABOVE 3150 SL BELOW 3100 TGT 3220/3250
Nickel
MCX Nickel price is trading near the resistance line of the rectangle pattern,price is expected to trade positively.Any breakdown above 1198 would push the price higher towards 1110/1115 levels in intraday. The momentum indicator RSI is trading at 61 it shows bullishness in the prices.
BUY NICKEL ABOVE 1198 SL BELOW 1190 TGT1210/1215
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