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Published on 17/01/2020 5:55:55 PM | Source: Axis Securities Ltd

Buy Copper In The Range Of 454 454.50 SL Below 452 TGT 458/460 - Axis Securities

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

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Crude Oil

Crude oil price is seen strong pull back from lower levels, price is expected to trade positive. Any break out above 4190 next leg og positive rally would push price higher towards 4230/4350 levels. On hourly chart price has started to trade above 9,21&60 EMA which is positive sign for price. RSI is trading at 61 it indicates high momentum in price.

BUY CRUDE OIL ABOVE 4190 SL BELOW 4160 TGT 4230/4250

 

Copper

Copper price has seen bounce back from testing 61.8% retracement level, price is expected to trade positive. Sustaining above 454.50 would push price higher towards 458/460 levels, Alternatively 452 would act as a strong support level in intraday. On hourly chart RSI is traing at 65 it indicates high momentum in prices.

BUY COPPER IN THE RANGE OF 454 454.50 SL BELOW 452 TGT 458/460

 

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