Buy Crude Oil Above 5150 Sl Below 5100 TGT 5230/5250 - Axis Securities Ltd
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CRUDE OIL
MCX Crude oil price has given a bullish breakout from consolidation range, price is expected to trade positively. Sustaining above 5150 would push the price higher towards 5230/5250 levels in intraday. The momentum indicator RSI is trading at 63 and it is forming higher highs which is positive sign for the prices.
BUY CRUDE OIL ABOVE 5150 SL BELOW 5100 TGT 5230/5250
NICKEL
MCX Nickel price is trading near strong resistance level, price is expected to trade positively. Any breakout above 1330 would push the price higher towards 1345/1350 levels in intraday. The price has started trading above 9,21&60 hourly EMA which is bullish sign for the prices.
BUY NICKEL ABOVE 1330 SL BELOW 1320 TGT 1345/1350
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