Sell Crude Oil Around 8500 SL Above 8550 TGT 8450/8400 - Axis Securities
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COPPER
Copper prices closed on a flat note in last session. On hourly chart price closed below 20 days EMA which is a negative sign for prices as well as RSI is trading below 60 level which indicate that momemtum is weak for prices. Traders may sell Copper around 819 for the target of 816 on intraday basis
SELL COPPER AROUND 819 SL ABOVE 822 TGT 816/813
CRUDE OIL
Crude oil prices edged lower in last trading session after prices broke the strong support zone of 8500 and drifted lower towards 8200 on intraday basis. Prices closed around 8400. On hourly chart RSI is trading below 60 level which indicate that momemtum is weak for prices. Traders may sell Crude oil around 8500 for the target of 8450 on intraday basis.
SELL CRUDE OIL AROUND 8500 SL ABOVE 8550 TGT 8450/8400
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