Sell Copper Below 717 SL Above 721 TGT 712/708 - Axis Securities Ltd
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Copper
MCX Copper price is trading near the ao trend line support, price is expected to [COPPER HOURLY CHART i ras trade negatively.Sustaining below ee 717 would drag the price lower tel Pe towards 712/708 levels in intraday.The momentum indicator RSI is 710 trading at 42 and it is forming lower + TOs lows which is a negative sign for the Fee prices.
Sell Copper Below 717 SL ABOVE 721 TGT 712/708
Crude oil
MCX Crude oil price is trading near s180 the support levels of the consolidation 100 range, price is expected to trade negatively.Any break down below iw. 4980 would drag the price lower towards 4920/4900 levels intraday. The price has started trading below i 9,21&60 hourly EMA which is a Pp “880 bearish sign for the prices.
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