Buy Crude Oil Around 5280 SL Below 5250 TGT 5310/5330 - Axis Securities Ltd
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Crude oil
Crude oil prices edged higher in last trading session after it gave a breakout above 5250 level and touched 5350 level on intraday basis. Overall trend is looking positve for prices as it is trading above 9 and 20 days EMA and RSI is also above 60 level indicating high momemtum in prices. Traders can buy Crude oil on dips around 5280 level for the target of 5310 on intraday basis.
BUY CRUDE OIL AROUND 5280 SL BELOW 5250 TGT 5310/5330
Nickel
Nickel prices edged higher in last trading session after prices broke the strong resistance zone of 1500 and closed around 1520 level. Short term trend has turned positive for prices as prices has moved above upper bollinger band indicating high volatililty in prices on the upper side. Moreover prices is trading above 9 and 20 days EMA and RSI is also above 60 level indicating high momemtum in prices. Traders can buy Nickel on dips around 1500 for the target of 1505 level on intraday basis.
BUY NICKEL AROUND 1500 SL BELOW 1495 TGT 1505/1510
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