Sell Copper Around 805 SL Above 808 TGT 802/799 - Axis Securities
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CRUDE OIL
Crude oil prices gave a gap up opening in today's session and it is trading in a tight range between 6250 and 6280. We have observed divergence in prices with RSI which indicate that prices may may correct. Breakdown below 6250 level may push prices lower towards 6220 level on intraday basis.
SELL CRUDE OIL BELOW 6250 SL ABOVE 6280 TGT 6220/6180
COPPER
Copper prices edged higher in last trading sesion and rallied up till 810 level howerver it failed to sustain around the mentioned level and corrected down till 800 level. Short term trend is looking negative for prices. Any rallied towards 805 can be used as an selling opportunity for the target of 802 on intraday basis.
SELL COPPER AROUND 805 SL ABOVE 808 TGT 802/799
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