Buy Copper Above 682 SL BELOW 678 TGT 687/692 - Axis Securities Ltd
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Crude Oil
MCX Crudeoil opened with an upward gap and remained in positive terrain throughout the day. The chart pattern suggests that if Crudeoil crosses and sustains above 6530 level it would witness buying which would push the price towards 6650-6700 levels. Important support for the day is around 6300.
BUY CRUDEOIL ABOVE 6530 SL BELOW 6450 TGT 6650/6700
Copper
MCX Copper opened with an upward gap and remained lackluster within a narrow trading range throughout the day. The hourly strength indicator RSI]is moving upwards and is above its reference line indicating positive bias. Copper continues to remain in an uptrend for the short term, so buying on dips continues to be our preferred strategy.
BUY COPPER ABOVE 682 SL BELOW 678 TGT 687/692
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