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Published on 10/07/2020 1:04:32 PM | Source: Axis Securities Ltd

Sell Nickel Around 1005-1006 SL ABOVE 1009 TGT 1002/999 - Axis Securities

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

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Crude oil

Crude oil prices edged lower in last trading session after prices failed to sustain higher near the mentioned resistance level of 3070 and drifted lower towards 2950 level on intraday basis. Overall trend is looking negative for prices as it is trading below 9 and 20 days on hourly basis. Any rally towards 3020 can be used as an selling opportunity for Cude oil

SELL CRUDE OIL AROUND 3020 SL ABOVE 3050 TGT 2980/2950

 

Nickel

Nickel prices corrected in last trading session after prices broke the strong support zone of 1014 and drifted lower towards 996 on intraday basis. Overall trend is looking weak for prices as it is trading below 9 and 20 days EMA and RSI is also below 60 level. Any rally towards 1005-1006 can be used as an selling opportunity for NIckel .

SELL NICKEL AROUND 1005-1006 SL ABOVE 1009 TGT 1002/999

 

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