Crude and Copper updates: Commodity Tips for Today


Technically a breach of 5025 was required for crude oil to get some upside momentum which is accomplished now. on the flip-side this energy commodity is holding the stiff support level of 5125. Currently, the prices are have gained nearly 1% and trading around 5154 level ( April future). RSI suggests buying in mcx crude and We can expect prices to go up to 5175-5185 level.

In Base metals, MCX copper is likely to trade positive. Prices have already touched the resistance level of 414.50 and one can buy MCX copper Oil around Rs 415.00 with a stop loss placed below Rs 413.50 for targets of Rs 417.50-419.00 levels.  

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