Sell Crude Oil Below 6490 Sl Above 6540 TGT 6410/6370 - Axis Securities
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Copper
MCX Copper price has seen pullback after forming strong support near 734 price is expected to trade positively.any breakout above 741 would push
the price higher towards 748/753 levels intraday. The four hourly momentum indicator RSI is trading at 36 and it has formed well support at 34 which
shows strength in the prices.
BUY COPPER ABOVE 741 SL BELOW 737 TGT 748/753
Crude Oil
MCX Crude oil price is trading near the support of the consolidation range, price is expected to trade negatively. Any breakdown below 6490 would drag the price lower towards 6410/6370 levels intraday. The hourly momentum indicator RSI is trading at 45 and it is forming lower lows and lower highs which is a bearishness in the prices.
SELL CRUDE OIL BELOW 6490 SL ABOVE 6540 TGT 6410/6370
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