Sell Copper Below 769 SL Above 774 TGT 763/758 - Axis Securities
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Crudeoil
MCX Crudeoil opened with an upward within throughout suggests a gap narrow that the and if Crudeoil day. trading remained The range chart crosses lackluster pattern and sustains above 8700 level it would witness buying which would push It towards 8850-8950 levels. Important support for the day is around 8600.
BUY CRUDE OIL ABOVE 8700 SL BELOW 8600 TGT 8850/8950
Copper
MCX Copper opened sharply lower with a downward gap and selling pressure throughout the session. The hourly strength indicator RSI has turned negative from the overbought r territory and is below its reference line indicating sustained downtrend. Copper is trading below its 50, 60, and 100-hourly SMA which indicates negative bias in the intraday.
SELL COPPER BELOW 769 SL ABOVE 774 TGT 763/758
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