Buy Crudeoil Above 5780 SL BELOW 5690 TGT 5900/5970 - Axis Securities
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Crudeoil
MCX Crudeoil opened on a flat note and remained in a small range throughout the day. The hourly strength indicator RSI is moving upwards and is above its reference line indicating positive bias.Crudeoil continues to ramain in an uptrend for the short term,so buying on dips continues to be our preferred strategy.
BUY CRUDEOIL ABOVE 5780 SL BELOW 5690 TGT 5900/5970
Copper
MCX Copper opened with a flat note and remained lackluster within a narrow trading range throughout the day. The chart pattern suggests that if Copper crosses and sustains above 732 level it would witness buying which would push the price towards 738-743 levels. Important support for the day is around 725.
Buy Copper Above 732 SL Below 728 TGT 738/743
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