Sell Crude Oil Below 8000 SL Above 8030 TGT 7970/7940 - Axis Securities
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COPPER
Copper prices traded volatile and closed on a flat note near 807 level. On hourly chart prices has formed hammer candlestick pattern near the support zone indicating reversal from the current level. Traders may buy Copper around 802 for the target of 805 on intraday basis.
BUY COPPER AROUND 802 SL BELOW 799 TGT 805/808
CRUDE OIL
Crude oil prices drifted in last trading session after prices broke the strong support zone of 8250 and closed around 8150 level and was down by almost 5 percent. Near term trend has changed for Crude oil from bullish to bearish. Breakdown below the strong support zone of 8000 level may push prices lower towards 7970 on intraday basis.
SELL CRUDE OIL BELOW 8000 SL ABOVE 8030 TGT 7970/7940
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