Sell Crude Oil Around 7600 SL Above 7650 TGT 7550/7450 - Axis Securities
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COPPER
Copper prices closed on a flat note in last session. On hourly chart prices is stuck in a trading range between 810 and 830 level from past few days. Prices is able to hold the support zone of 810 which indicate demand zone for prices. Traders can buy Copper on dips around 813 for the target of 817 on intraday basis.
BUY COPPER AROUND 813 SL BELOW 810 TGT 817/820
CRUDE OIL
Crude oil price edged lower in last trading session after prices broke the strong support zone of 7700 and it drifted lower towards 7400. On hourly chart it closed below 20 and 60 days EMA which is a negative sign for prices and RSI is below 60 level which indicate that momemtum is weak for prices. Traders may sell Crude oil on rise around 7600 for the target of 7550 on intraday basis.
SELL CRUDE OIL AROUND 7600 SL ABOVE 7650 TGT 7550/7450
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