Buy Crude Oil Around 5670 SL Below 5640 TGT 5700/5730 - Axis Securities
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CRUDE OIL
Crude oil prices gave a gap down opening in last trading session and close around 5710 level . on hourly chart prices has formed hammer candlestick pattern followed by a multiple green candle which indicate that prices may reverse from current downtrend. Any dips around 5670 is a good opporunity to by crude oil for the target of 5700 on intraday basis
BUY CRUDE OIL AROUND 5670 SL BELOW 5640 TGT 5700/5730
COPPER
Copper prices edged higher in last trading session after prices gave a gap up opening and it sustained near the above 730 level and closed around 734.4. On hourly chart immediate resistance is seen around 742-743 level. Daily close above the mentioned level may change the current downtrend or we may expect prices to correct from the given level.
SELL COPPER AROUND 743 SL ABOVE 746 TGT 740/737
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