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Copper

Copper prices rallied in last session by more than 2 percent. Prices touched new 52 week high after it broke the strong resistance zone of 712 and rallied higher towards 727 levels. Overall trend is lookig bullish for prices as prices is trading above 20 and 60 days EMA on hourly chart and RSI is also above 60 level indicating high momentum in prices. Traders can buy Copper above 728 for the target of 731 on intraday basis.

BUY COPPER ABOVE 728 SL BELOW 725 TGT 731/735

LEAD

Lead prices rallied higher in the evening sessoin after it edged above 9 and 20 days EMA on hourly chart. Prices managed to close near the strong resistance zone of 171 level. Near term trend is looking positive for prices as price comfartably trading above 60 days EMA and near uppper bollinger band which indicates high volatility in prices. Traders can buy Lead above 171 for the target of 172 on intraday basis

BUY LEAD ABOVE 171 SL BELOW 170 TGT 172/173

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