Buy Crude Oil Around 5450 Sl Below 5420 TGT 5480/5520 - Axis Securities Ltd
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CRUDE OIL
Crude oil prices edged higher in last trading session and it closed around new high around 5500 level. On hourly chart pirces is trading above upper bollinger band indicating high volatillity in prices as well RSI is above 60 level indiating high momemtum in prices. Any dips towards 5450 can be used as an buying opportunity for the target of 5480 level on intraday basis.
BUY CRUDE OIL AROUND 5450 SL BELOW 5420 TGT 5480/5520
NICKEL
Nickel prices had given a breakout on daily chart above 1370 level and closed around 1381 level which indicate that the trend has turned bullish for prices. On daily chart price is also trading above 20 and 60 days EMA and RSI is also around 60 level indicating high momemtum in prices. Traders can buy Nickel around 1370 level for the target of 1373 on intraday basis.
BUY NICKEL AROUND 1370 SL BELOW 1367 TGT 1373/1376
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