Buy Copper In The Range Of 722.30-721.80 SL Below 716 TGT 728.50/732 - Axis Securities Ltd
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Copper
MCX Copper price is trading near the strong resistance, price is expected to trade positively. Sustaining above 722.30 would push the price higher towards 728.50/732 levels intraday. The price has started trading above 9,21&60 hourly EMA which is a bullish sign for the prices.
BUY COPPER IN THE RANGE OF 722.30-721.80 SL BELOW 716 TGT 728.50/732
Crude Oil
MCX Crude oil price is trading inside the rising trend line channel, price is expected to trade positively. Any breakout above 5550 would push the price higher towards 5620/5650 levels intraday. The momentum indicator RSI is trading at 76 it is forming higher highs which is a bullish sign for the prices.
BUY CRUDE OIL ABOVE 5550 SL BELOW 5500 TGT 5620/5650
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