Sell Copper Around 739 SL ABOVE 742 TGT 736/733 - Axis Securities
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COPPER
Copper prices edged lower in last trading session after prices broke the strong support zone of 740 and touched 731 on intraday basis. Short term trend is looking negative for prices as it is trading below 20 and 60 days EMA and RSI is also below 60 level. Any rallies around 740 may be used as an selling opportunity for the target of 737 on intraday basis.
SELL COPPER AROUND 739 SL ABOVE 742 TGT 736/733
CRUDEOIL
Crude oil prices edged higher in last trading session. Prices closed 5900 level for the first time in a month which is a positive sign for prices. Moreover it is trading above 9 and 20 days EMA and RSI is also above 60 level. Dips around 5850 is a good opportuity to buy crude oil for the target of 5880 on intraday basis.
BUY CRUDE OIL AROUND 5850 SL BELOW 5820 TGT 5880/5920
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