Buy Crudeoil Above 6490 SL Below 6400 TGT 6600/6650 - Axis Securities
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Crudeoil
MCX Crudeoil opened on a flat note and remained in a Small range throughout the day. The chart pattern suggests that if crudeoil crosses and sustains above 64900 level it would witness buying which would push the price towards 6600-6650 levels. Importanat support for the day is around 6300.
BUY CRUDEOIL ABOVE 6490 SL BELOW 6400 TGT 6600/6650
Naturalgas
MCX Naturalgas opened with an upward gap but witnessed selling from the opening tick to trade on flat note. The chart pattern suggests tata if Natural gas breaks ans sustains below 220 level it would drag the price towards 215-212 levels. Important resistance for the day is placed at 226.
SELL NATURALGAS BELOW 220 SL ABOVE 224 TGT 215/212
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