Buy Copper Around 732 SL Below 729 TGT 735/738 - Axis Securities
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Copper
Copper prices traded volatile in last session and it closed in green around 735. On hourly chart prices is trading above 9 and 60 days which is a positive sign for prices. Strong support zone is seen around 732 level. Any dips around the mentioned level may be uses as an buying opportunity for the target of 735 on intraday basis.
BUY COPPER AROUND 732 SL BELOW 729 TGT 735/738
Crude oil
Crude oil prices edged higher in last trading session after prices broke the resistance zone of 5300 and closed around 5470 level. Prices was up by 5 percent. On hourly chart it closed above 9 and 20 days EMA and RSI is also above 60 level which indicate that momemtum is strong for prices. Traders can buy Crude oil on dips around 5350 for the target of 5400 on intraday basis.
BUY CRUDE OIL ABOVE 5350 SL BELOW 5300 TGT 5400/5450
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