Sell Copper In The Range Of 710-711 SL Above 715 TGT 704/700 - Axis Securities Ltd
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Copper
MCX Copper price has given strong support breakout, price is expected to trade negatively. Sustaining below 710 would drag the price lower towards 704/700 levels in intraday. The momentum indicator RSI is trading at 27 and it is forming lower lows which is bearishness in the prices.
SELL COPPER IN THE RANGE OF 710-711 SL ABOVE 715 TGT 704/700
Crude oil
MCX Crude oil price has given negative breakout from rising trend line channel, price is expected to trade negatively. Sustaining below 5200 would drag the price lower towards 5130/5100 levels intraday. The price has started trading below 9,21&60 hourly EMA which is a bearishness in the price.
SELL CRUDE OIL IN THE RANGE OF 5200-5 220 SL ABOVE 5250 TGT 5130/5100
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