Buy Crude Oil Around 6570 SL Below 6520 TGT 6630/6700 - Axis Securities Ltd
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CRUDE OIL
Crude oil prices rallied in the morning session after prices broke the resistance zone of 6570 and rallied all the way up till 6630 level on intraday basis. On the hourly chart it is trading above 20 and 60 EMA And RSI is also above its reference line whcih indicate that momentum is strong on the upside. Buy on dips is recommended in Crude oil for intraday basis.
BUY CRUDE OIL AROUND 6570 SL BELOW 6520 TGT 6630/6700
COPPER
Copper prices rallied higher in the morning session after prices broke the immediate resistance zone of 732 and it tallied all the way above 736 level. On the hourly prices closed above 20 and 60 EMA which is a positive sign for prices. Moreoever it is also trading above its reference line which indicate that momentum is storng on upside. Buy on dips is recommended for intraday basis.
BUY COPPER AROUND 732 SL BELOW 729 TGT 736/740
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