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Published on 11/08/2022 5:03:48 PM | Source: Axis Securities Ltd

Buy Crudeoil Above 7450 Sl Below 7350 Tgt 7600/7700 - Axis Securities

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

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Aluminium 

MCX Aluminium opened on a flat note and buying momentum throughout the session. The chart pattern suggests that if Aluminium crosses and sustains above 216 level it would witness buying which would lead It towards 220-221 levels. Important support for the day is around 215.

BUY ALUMINIUM IN THE RANGE OF 218 SL BELOW 216.50 TGT 220/221.

 

Crudeoil

MCX Crudeoil opened with an upward gap and remained in positive terrain throughout the day. The hourly strength indicator RSI is moving upwards and is above its reference line indicating positive bias. On the hourly chart Crude Oil is trading above 20 and 60 hourly EMA's indicating positive bias in the sntzadey.

BUY CRUDEOIL ABOVE 7450 SL BELOW 7350 TGT 7600/7700

 

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