Sell Copper Below 720 SL Above 725 TGT 714/710 - Axis Securities
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Copper
MCX Copper price has given negative breakout from descending triangle pattern, price is expected to trade negatively. Sustaining below 720 would drag the price lower towards 714/710 levels in intraday. The momentum indicator RSI is trading at 35 and it is forming lower lows which is a bearishness in the prices.
SELL COPPER BELOW 720 SL ABOVE 725 TGT 714/710
Crude oil
MCX Crude oil price has given a negative breakout from consolidation range, price is expected to trade negatively. Sustaining below 5300 would drag the price lower towards 5240/5200 levels intraday. The price has started trading below 9,21&60 hourly EMA which is a bullishness in the prices.
SELL CRUDE OIL BELOW 5300 SL ABOVE 5350 TGT 5240/5200
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