Sell Aluminium Around 172 SL ABOVE 173 TGT 171/170 - Axis Securities
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CRUDE OIL
Crude oil prices drifted lower in last trading session by more than 3 percent after it edge below 60 days EMA i.e 4570 and touched 4410 level on intraday basis. Overall trend is looking bearish for prices as it is trading below 60 and 20 days EMA and RSI is also below 40 level indicating low momentum in prices. Traders can sell Crude oil around 4520 level for the target of 4490 level on intraday basis.
SELL CRUDE OIL AROUND 4520 SL ABOVE 4550 TGT 4490/4450
ALUMINIUM
Aluminium prices ended yesterday sesson in red after it drifted below 60 days EMA i.e 173.5 and touched 170 level on intraday basis. On hourly chart prices is trading below 9 and 20 days EMA and RSI is also trading below 40 level indicating low momemtum in prices. Traders can sell Aluminium around 172 level for the target of 171 level on intraday basis.
SELL ALUMINIUM AROUND 172 SL ABOVE 173 TGT 171/170
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