Sell Crude Oil Around 5500 SL ABOVE 5530 TGT 5470/5430 - Axis Securities
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COPPER
Copper prices traded volatile in last trading sesssion and closed on a flat note near 730 level on intraday basis. On hourly chart prices is trading below 60 days EMA and RSI is also below 60 level which indicate that trend is sideways for prices. Traders may sell Copper on rise around 734 for the target of 731 on intraday basis
SELL COPPER AROUND 734 SL ABOVE 737 TGT 731/728
CRUDE OIL
Crude oil prices closed on a positive note in last trading session. On hourly it closed around 5400 level. However on hourly chart RSI is trading below 60 level which indicate that momemtum is sideways for prices. Prices is facing strong resistance around 5460 level from past few days which is a supply zone for prices. Traders may sell near the mentioned level for the target of 5430 on intraday basis.
SELL CRUDE OIL AROUND 5500 SL ABOVE 5530 TGT 5470/5430
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