Sell Crude Oil Below 4800 SL Above 4860 TGT 4720/4680 - Axis Securities
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Crude oil
MCX Crude oil price is expected to open gap down by breaking strong |. 5500 support zone, price remains to trade |), reese 5400 under pressure. Sustaining below 4800 would drag the price lower towards 4720/4680 levels intraday. The hourly momentum indicator RSI is trading at 28 and it is forming lower lows which shows negative signs for the prices.
SELL CRUDE OIL BELOW 4800 SL ABOVE 4860 TGT 4720/4680
Nickel
MCX Nickel price closed by breaking trend line support in the last trading session, price is expected to trade negatively. Sustaining below 1420 would drag the price lower towards 1405/1400 levels in intraday. The price has started trading below 9,21&60 e has started trading below 9,21&60 h hourly EMA which is a negative sign for the prices.
SELL NICKEL BELOW 1420 SL ABOVE 1430 TGT 1405/1400
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