Sell Crude Oil Around 6300 SL ABOVE 6330 TGT 6270 /6240 - Axis Securities
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Crude oil
Crude oil prices traded volatile in last trading session. Prices closed in green around 6300 level. It failed to close above the important resistance zone of 6300 level . We expect prices to trade in a range between 6300 and 6150 level for the coming few days. On hourly chart RSI is below 60 level which indicate that mometum in low. Traders can sell Crude oil around 6300 for the target of 6270 level on intraday basis.
SELL CRUDE OIL AROUND 6300 SL ABOVE 6330 TGT 6270 /6240
Copper
Copper prices egded lower in last trading session after prices broke the support zone of 800 and closed around 792 level. Short term trend is negative for prices as it is trading below 9 and 20 days EMA and RSI is also below 60 level. Any rallied towards 800 can be used as an selling opportunity in Copper.
SELL COPPER AROUND 800 SL ABOVE 803 TGT 797/794
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