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Published on 18/09/2020 5:33:12 PM | Source: Axis Securities Ltd

Sell Nickel Below 1100 SL Above 1107 TGT 1090/1085 - Axis Securities

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

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Nickel

MCX Nickel price has failed to break the resistance level and price saw correction, price is expected to trade negatively. Any breakdown below 1100 next leg of the correlation would drag down price lower towards 1090/1085 levels intraday. The Price has started trading below 60 EMA which is a bearish sign for prices.

SELL NICKELBELOW 1100 SL ABOVE 1107 TGT 1090/1085

 

Crude Oil

MCX Crude oil price is  trading under rising trend line channel, price is expected to trade positively. Any breakout above 3040 next leg of the rally would push the price higher towards 3100/3130 levels in intraday, The momentum indicator RSI is trading at 62 shows bullishness in prices

BUY CRUDE OIL ABOVE 3040 SL BELOW 3000 TGT 3100/130

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