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CRUDE OIL

MCX Crudeoil opened on a flat note and buying momentum throughout the session. The chart pattern suggests that if Crudeoil crosses and sustains above 8050 level it would witness buying which would push It towards 8250-8400 levels. Important support for the day is around 7500 levels.

BUY CRUDEOIL ABOVE 8050 SL BELOW 7900 TGT 8250/8400

COPPER

MCX Copper opened with an upward gap and remained in positive terrain throughout the day. The hourly strength indicator RSI has turned positive from the oversold territory and is above its reference line indicating positive bias. The price is moving in a Higher Top and Higher Bottom formation on the hourly chart indicating sustained up trend.  

BUY COPPER ABOVE 633 SL BELOW 626 TGT 645/650

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