Sell Copper Around 759 SL ABOVE 762 TGT 756/752 - Axis Securities
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CRUDE OIL
Crude oil prices edged higher in last trading session after prices broke the resistance zone of 6030 and prices touched 6130 on intraday basis. On daily chart prices is trading above 20 and 60 days EMA and RSI is also above 60 level which indicate that momemtum is strong for prices. Traders may buy Crude oil above 6130 for the target of 6160 on intraday basis.
BUY CRUDE OIL ABOVE 6130 SL BELOW 6100 TGT 6160/6190
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COPPER
Copper prices edged higher in last session after prices broke the resistance zone of 751 and touched 759 level on intraday basis. On daily chart strong resistance zone is seen around 759 level. We may expect strong rally only above the mentioned level or else prices may trade sideways in a a range between 759 and 751 level.
SELL COPPER AROUND 759 SL ABOVE 762 TGT 756/752
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