Sell Crude Oil Around 5070 SL Above 5100 TGT 5040/5010 - Axis Securities
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Crude Oil
Crude oil prices closd on a flat note in last trading session after trading in both the sides. On hourly chart prices is trading under the immediate resisatance level of 5070. Morever momemtum indicator is also trading below 60 level indicating low momemtum in prices. Traders can sell Crude oil on rise around 5070 for the target of 5040 on intraday basis.
SELL CRUDE OIL AROUND 5070 SL ABOVE 5100 TGT 5040/5010
Copper
Copper prices closed in red in last trading session after prices failed to sustain near the day high of 730 level on intraday basis. On hourly chart prices is trading below 20 and 60 days EMA which is a negative sign for prices as well as RSI is also below 60 level mark. Traders can sell Copper around 730 for the target of 727 on intraday basis.
SELL COPPER AROUND 730 SL ABOVE 733 TGT 727/724
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