Buy Crude oil Above 4280 SL BELOW 4240 TGT 4340/4360 - Axis Securities Ltd
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CRUDE OIL
MCX Crude oil price is trading near strong resistance level, price is 4223 4247 4263 4287 ed expected to trade positively. Any oe breakout above 4280 would push the 4200 price higher towards 4340/4360 levels in intraday. The price has been a trading above 9,21&60 hourly EMA on which is a bullish sign for the prices.
BUY CRUDE OIL ABOVE 4280 SL BELOW 4240 TGT 4340/4360
NATURAL GAS
MCX Natural gas price has broken trend line support and heading downside, price is expected to trade negatively. SUStaining below 200 would drag down the price lower towards 195/193 levels in intraday. The momentum indicator RSI is trading at 30 it shows bearishness in the prices.
SELL NATURAL GAS BELOW 200 SL ABOVE 204 TGT 195/193
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