IGI Logo

Crude oil

MCX Crude oil price is forming higher high formation since consolidation breakout, price is expected to trade positively. Sustaining above 5240 would push the price higher towards 5300/5330 levels intraday. The price has been trading above 9,21&60 hourly EMA which is a - 2500 bullish sign for the prices.

BUY CRUDE OIL IN THE RANGE OF 5240-5230 SL BELOW 5200 TGT 5300/535

Nickel

MCX Nickel price saw pullback after forming several supports near 1475, Price is expected to trade positively. Any breakout above 1500 would push the price higher towards 1515/1520 levels intraday. The momentum indicator RSI is trading at 56 and it is forming higher highs which is bullish sign for the prices.

BUY NICKEL ABOVE 1500 SL BELOW 1490 TGT 1515/1520

To Read Complete Report & Disclaimer Click Here

For More Axis Securities Disclaimer  https://simplehai.axisdirect.in/disclaimer-home
SEBI Registration number is INZ000161633

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer