Buy Crude Oil Above 5560 Sl Below 5510 TGT 5640/5680 - Axis Securities Ltd
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CRUDE OIL
MCX Crude oil price has given a bullish breakout from consolidation range, price is expected to trade positively. Sustaining above 5560 would push the price higher towards 5640/5680 levels intraday. The price has started trading above 9,21&60 hourly EMA which is a bullish sign for the prices.
BUY CRUDE OIL ABOVE 5560 SL BELOW 5510 TGT 5640/5680
COPPER
MCX Copper price is trading near the resistance of ascending triangle pattern, price is expected to trade positively. Sustaining above 724.20 would push the price higher towards 728.50/732 levels intraday. The hourly momentum indicator RSI is trading at 61 and it is forming higher highs which is a bullish sign for the prices.
BUY COPPER IN THE RANGE OF 723.70-724.20 SL BELOW 720 TGT 728.50/732
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