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Published on 20/11/2020 5:04:59 PM | Source: Axis Securities Ltd

Buy Crude Oil Above  3150 SL BELOW 3100 TGT 3220/3250 - Axis Securities

Posted in Commodities Reports| #Commodity Tips #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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