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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