Sell Crude Oil Below 3790 SL ABOVE 3830 TGT 3740/3740 - Axis Securities Ltd
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CRUDE OIL
MCX Crude oil price is trading near strong support of consolidation range, price is expected to trade negatively. Any breakdown below 3790 would drag the price lower towards 3740/3720 levels in intraday. Price has _ started trading below 9,21&60 EMA which is a negative sign for the prices.
SELL CRUDE OIL BELOW 3790 SL ABOVE 3830 TGT 3740/3740
COPPER
MCX Copper price has given negative I | r breakout, price is expected to trade pe L ozs negatively. Sustaining below 602.50 eo would drag down the price lower towards 597/595 levels in intraday. r ere The momentum indicator RSI is ss trading at 24 it shows bearishness in the prices.
SELL COPPER BELOW 602.50 SL ABOVE 606 TGT 597/595
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