Sell Crude Oil Around 4500 SL Above 4530 TGT 4470/4430 - Axis Securities
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Crude oil
Crude oil price corrected in last trading sesssion after prices broke the strong support zone of 4540 level. Presently prices is trading below 9 and 20 days EMA which is a negative sign for prices and RSI is also trading below 60 level indicating low momentum in prices. Any rally towards 4500 level can be used as an selling opportunity for the target of 4470 level on intraday basis.
SELL CRUDE OIL AROUND 4500 SL ABOVE 4530 TGT 4470/4430
CPO
CPO prices rallied higher by more than 2 percent in last trading session. Prices broke the strong resistance zone of 1040 level and rallied higher up till 1060 level. On daily chart CPO prices has broken the resistance zone and has touched 52 week high of 1059 level. Overall trend is bullish for prices as it is trading above 20 days EMA and RSI is also above 60 level. Traders can buy CPO above 1060 level for the target of 1064 level on intraday basis.
BUY CPO ABOVE 1060 SL BELOW 1057 TGT 1064/1070
To Read Complete Report & Disclaimer Click Here
For More Axis Securities Disclaimer https://simplehai.axisdirect.in/disclaimer-home
SEBI Registration number is INZ000161633
Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer
