MCX COPPER FEBRAURY
After opening at 467.80 the copper prices dipped till the low of 464.70 and thereafter it remained on sideways note and ended with marginal losses at 465.40. The copper prices making close below the trend line could provide correction till supports of 455 levels in coming sessions. Therefore,we continue to recommend short positons for the targets of 460 then 456 levels.
MCX CRUDE OIL JANUARY
On Monday crude oil prices witnessed sharp correction as soon as it opened at 3858 and dipped till the low of 3782 in the initial hours. But the prices recovered once again and ended above the supports of 3810. The prices surpassing the major resistance is indicating bullish signs thus we recommend buying around 3812 levels for upside targets of 3880 then 3920 levels.
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