IGI Logo

COPPER

Copper prices edged higher in last trading session. On hourly chart prices closed above 20 and 60 days EMA and RSI is also above 60 level which is a positive sign for prices. Any dips around 744 may be used as an buying opportunity for the target of 747 on intraday basis.

BUY COPPER AROUND 744 SL BELOW 741 TGT 748/751

Crude oil

Crude oil prices closed slightly lower in last trading session and there was no volatility as US market was closed. On houry chart strong resistance zone is seen around 5560 level, prices is not able to sustain above the mentioned level from past few days which indicate that it is a supply zone for prices. Tradres may sell Crude oil around 5560 level for the target of 5530 on intraday basis.

SELL CRUDE OIL AROUND 5560 SL ABOVE 5590 TGT 5530/5480

To Read Complete Report & Disclaimer Click Here

For More Axis Securities Disclaimer  https://simplehai.axisdirect.in/disclaimer-home

SEBI Registration number is INZ000161633

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer