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Published on 2/06/2020 11:14:39 AM | Source: Axis Securities Ltd

Sell Crude Oil Around 2680 SL ABOVE 2710 TGT 2650/2620 - Axis Securities

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

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Nickel

Nickel prices gave a gap up opening in last trading session and it closed near 952 level. However prices is facing strong resistance near 955 level. On hourly chart RSI is below 60 level which indicate low momentum in prices. Traders can sell Nickel around 955 for the target of 952 on intraday basis.

SELL NICKEL AROUND 955 SL ABOVE 958 TGT 952/947

 

Crude oil

Crude oil prics gave a gap up opening in last trading session. Prices traded volatile throughout the day and it closed near 2669 level. However prices is facing resistance near 2690 level and RSI on hourly chart edged below 60 level which indicate low momentum in prices. Traders can sell Crude oil around 2680 for the target of 2650 on intraday basis

 

SELL CRUDE OIL AROUND 2680 SL ABOVE 2710 TGT 2650/2620

 

 

 

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