Sell Crudeoil Below 6300 SL Above 6450 TGT 6100/6000 - Axis Securities
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Crudeoil
MCX Crudeoil opened with a 6257 6355 6415 6513 6573 downward gap and traded with — csue extreme volatility on either side and | e750 gained bullish momentum in the [CRUDEOIL HOURLY CHART] PF e700 second half. The chart pattern - oso suggests that if Crudeoil breaks and - eas sustains below 6300 level it would - Ses witness selling which would drag the ease oC . L* = er.) price towards 6100-6000 levels. nave Important resistance for the day is iz €3250 placed at 6600.
SELL CRUDEOIL BELOW 6300 SL ABOVE 6450 TGT 6100/6000
Lead
MCX Lead opened on a flat note and remained in a Small range throughout the day. The hourly strength indicator RSI] is moving upwards and is above its reference line indicating positive bias. Lead continues to remain in an uptrend for the short term, so buying on dips continues to be our preferred strategy.
BUY LEAD ABOVE 175 SL BELOW 173 TGT 176.50/177
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