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Published on 17/11/2020 9:42:40 AM | Source: Axis Securities Ltd

Buy Natural Gas Around 200 SL BELOW 197 TGT 203/207 - Axis Securities

Posted in Commodities Reports| #Commodity Tips #Axis Securities Ltd

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Copper

Copper prices finally gave a symmetrical breakout after traing sideways in a range from last few days. Overall trend is looking positive for prices as it is trading above 9 and 20 days EMA and RSI is also trading above 60 days EMA which indicate strong momentum in prices. Traders can buy Copper around 543 level for the target of 546 on intraday basis.

BUY COPPER AROUND 543 SL BELOW 540 TGT 546/549

 

Natural gas

Natural gas prices cracked in last trading session after it broke the strong support zone of 215 and drifed lower towars 205 level. However, strong support zone in Natural gas can be seen around 200 level on weekly chart. Traders can buy Natural gas around 200 level as we expect some short covering from the current level up till 203 level on intraday basis.

BUY NATURAL GAS AROUND 200 SL BELOW 197 TGT 203/207

 

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