Buy Copper Above 786 SL Below 781 TGT 794/798 - Axis Securities
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Crudeoil
MCX Crudeoil opened with an upward gap and remained in positive terrain throughout the day. The price is moving in a Higher Top and Higher Bottom formation on the daily chart indicating a sustained up trend. Crude Oil continues to remain in an uptrend for the intraday, so buying on dips continues to be our preferred strategy.
Copper
MCX Copper opened on a flat note and remained in a small range throughout the day. The chart pattern suggests that if Copper crosses and sustains above 786 level it would witness buying which would push It towards 794-798 levels. Important support for the day is around 781.
BUY COPPER ABOVE 786 SL BELOW 781 TGT 794/798
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