Sell Copper Below 733 Sl Below 738 TGT 727/725 - Axis Securities Ltd
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CRUDEOIL
MCX Crude oil price is trading under rising trend line channel, price is expected to trade positively. Any breakout above 5120 would push the price higher towards 5180/5200 levels in intraday. The price has started trading above 9,21&60 hourly EMA which is bullish sign for the prices.
BY CRUDE OIL ABOVE 5120 SL BELOW 5080 TGT 5180/5200
COPPER
MCX Copper price has given negative breakout from ascending broadening wedge pattern, price is expected to trade negatively. Sustaining below 733 would drag down the price lower towards 727/725 levels in intraday. The momentum indicator RSI is trading at 38 it shows bearishness in the prices.
SELL COPPER BELOW 733 SL BELOW 738 TGT 727/725
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