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COPPER

Copper prices was volatile in last trading session and it closed on a negative note around 723 level. On hourly chart RSI is trading below 60 level indicating low momentum in prices. From last few days prices is facing strong resistance around 730 level and it is not able to sustain above the mentioned level. Traders can sell Copper on rise around 730 level for the target of 727.5 level on intraday basis.

SELL COPPER AROUND 730 SL ABOVE 732.5 TGT 727/724

CRUDE OIL

Crude oil prices is traded volatile in last trading session. Prices gave gap down opening , however it managed to close on above 4600 level. Strong resistance zone can be seen around 4670 level as prices is facing selling pressure near the mentioned level. Traders can sell Crude oil around 4670 level for the target of 4640 level on intraday basis.

SELL CRUDE OIL AROUND 4670 SL ABOVE 4800 TGT 4640/4610

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