Buy Nickel Around 1160 SL BELOW 1157 TGT 1163/1169 - Axis Securities
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CRUDE OIL
Crude oil prices traded volatile in last trading session. Prices ended the day in red near 4455 level. On hourly chart prices is trading below 20 days EMA and RSI is also below 60 level indicating low momemtum in prices. Any rally towards 4520 level can be used as an selling opportunity in Crude oil for the target of 4490 level on intraday basis.
SELL CRUDE OIL AROUND 4520 SL ABOVE 4550 TGT 4490/4450
NICKEL
Nickel prices drifted lower in last trading session after it failed to sustain higher near the resistance zone of 1205 level and closed around 1171 level. On hourly chart prices is trading below 20 and 60 days EMA and RSI is below 40 level indicating low momemtum in prices. However strong suppot can be seen around 1160 level where prices has respected the mentioned level multiple times. Traders can buy Nickel around 1160 level for the target of 1163 on intraday basis.
BUY NICKEL AROUND 1160 SL BELOW 1157 TGT 1163/1169
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