Sell Copper Around 770 SL Above 773 TGT 767/765 - Axis Securities
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CRUDE OIL
Crude oil price edged lower in last trading session. Prices remained volatile throughout the trading session. On hourly chart it closed below 60 and 20 days EMA which is a negative sign for prices. Traders may sell Crude oil around the resistance zone of 6980 for the target of 6940 on intraday basis.
SELL CRUDE OIL AROUND 6980 SL ABOVE 7020 TGT 6940/6900
COPPER
Copper prices closed on a flat note in last session. On hourly chart prices is trading below 9 and 20 days EMA and RSI is also below 60 level which indicate that momemtum is weak for price. Any rallies towards 770 is a good level to enter short position for the target of 767 on intraday basis.
SELL COPPER AROUND 770 SL ABOVE 773 TGT 767/765
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