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Published on 5/08/2020 9:58:50 AM | Source: Axis Securities Ltd

Buy Copper Around 505 SL BELOW 502 TGT 508 /512 - Axis Securities

Posted in Commodities Reports| #Commodity Tips #Axis Securities Ltd

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Crude Oil

Crude oil prices edged higher in last trading session after it broke the strong support zone of 3100 and closed near the Importatnt zone of 3160 level. Short term trend is looking positive for prices as it is trading above 9 and 20 days EMA AND RSI is nearing 60 level. Traders can buy Crude oil above 3160 level for the target of 3190 on intraday basis.

BUY CRUDE OIL ABOVE 3160 SL BELOW 3130 TGT 3190/3220

 

Copper

Copper prices trading sideways in a range between 505 and 509 in last trading session. On hourly chart prices is trading above 60 days EMA which is a postive sign for prices. Traders can buy Copper on dips around 505 for the target of 508 on intraday basis.

BUY COPPER AROUND 505 SL BELOW 502 TGT 508 /512​​​​​​​

 

 

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