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Published on 1/04/2020 10:43:38 AM | Source: Axis Securities Ltd

Buy Zinc Mini Above 146 SL Below 145 TGT 147/148 - Axis Securities

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

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Zinc

ZINC mini prices edged higher in last trading session. Prices closed on near day’s i.e 145.7 level. Short term trend is looking positive for prices as it is trading above 9 and 20 days EMA and RSI is trading above 70 level which indicate high momentum in prices. Traders can go long in Zinc if prices sustain above 146 on hourly basis for the target of 147/148.

BUY ZINC MINI ABOVE 146 SL BELOW 145 TGT 147/148

 

Copper

Copper prices gave a gap up opening in last trading session. Prices in the end closed on a flat note near 376.8 level. On hourly chart RSI is trading below 60 level which indicate low momentum in prices. Traders can sell Copper below 376 for the target of 373 on intraday basis.

SELL COPPER BELOW 376 SL ABOVE 378 TGT 373/371

 

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