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Published on 23/11/2020 9:21:17 AM | Source: Axis Securities Ltd

Buy Lead Around 157.5 SL BELOW 156.5 TGT 158.5/159.6 - Axis Securities

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

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Lead

Lead prices rallied higher in last trading session after it broke the strong resistance zone of 157 and rallied higher up till 160.5 level on intraday basis. Short term trend is looking positive for prices as it is trading above 9 and 20 days EMA and RSI is above 60 level indicating strong momentum in prices. Traders can buy Lead around 157.5 for the target of 158.5 on intraday basis.

BUY LEAD AROUND 157.5 SL BELOW 156.5 TGT 158.5/159.6

 

Crude oil

Crude oil prices is trading in a range between 3100 and 3150 level from last few days. Prices is facing strong resistance around the upper band of the range i.e 3150. However, on houry chart prices is trading above 9 and 20 days EMA and RSI is nearing 60 level which indicate that overall trend is positive for prices. Traders can buy Crude oil above 3150 for the target of 3180 level on intraday basis.

BUY CRUDE OIL ABOVE 3150 SL BELOW 3120 TGT 3180/3210

 

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