Sell Crudeoil Oil Around 6150 SL Above 6180 TGT 6120/6080 - Axis Securities
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CRUDE OIL
Crude oil prices gave a gap up opening in today's session and it is trading in a tight range between 6110 and 6070. On hourly chart prices is trading below 60 days EMA which indicate that trend is negative for prices. Any rally towards 6150 can be used as an selling opportunity for the target of 6120 on intraday basis.
SELL CRUDE OIL AROUND 6150 SL ABOVE 6180 TGT 6120/6080
COPPER
Copper prices gave a gap up opening in today's session but prices failed to sustain near the day high and it corrected down till 729 level. Price managed to bounce back from the low and has formed piercing pattern on hourly chart which is a reversal candle. Traders can buy Copper around 732 for the target of 735 on intraday basis.
BUY COPPER AROUND 732 SL BELOW 729 TGT 735/738
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