Buy Crude Oil Above 5625 Sl Below 5580 TGT 5700/5730 - Axis Securities Ltd
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CRUDE OIL
MCX Crude oil price has given a bullish breakout from pennant pattern, price is expected to trade positively. Sustaining above 5625 would push the price higher towards 5700/5730 in intraday. The price has started trading above 9,21&60 hourly EMA which is a positive sign for the Prices.
BUY CRUDE OIL ABOVE 5625 SL BELOW 5580 TGT 5700/5730
COPPER
MCX Copper price has given a bullish breakout from ascending triangle pattern, price is expected to trade positively. Sustaining above 732 would push the price higher towards 738/740 levels intraday. The momentum indicator RSI is trading at 66 and it is forming higher highs which is a bullish sign for the prices.
BUY COPPER ABOVE 732 SL BELOW 728 TGT 738/740
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