Buy Crude Oil Around 6000 SL Below 5970 TGT 6030/6060- Axis Securities
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CRUDE OIL
Crude oil prices has formed doji candle stick pattern on hourly chart near the bottom of the rally which indicate reversal. On hourly chart prices has given a downward sloping channel brekout which indicate that current trend is positive for price. Traders can buy Crude oil around 6000 for the target of 6030 on intraday basis.
BUY CRUDE OIL AROUND 6000 SL BELOW 5970 TGT 6030/6060
COPPER
Copper price edged higher in last trading session and managed to close above 740 level for the first time in last 10 days which indicate that the near term trend has turned bullish. Moreover RSI is also above 60 level which indicate that momemtum is strong for prices. Traders can buy Copper around 742 for the target of 745 on intraday basis.
BUY COPPER AROUND 732 SL BELOW 729 TGT 735/738
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