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Published on 17/09/2020 11:05:43 AM | Source: Axis Securities Ltd

Sell Copper BELOW 528 SL ABOVE 531 TGT 525/522

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

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COPPER

Copper prices is consolidating in a tight range between 528 and 530 level from last few days. On hourly chart prices is trading below upper bollinger band indicating low volatility in prices and RSI is trading below 60 level on hourly chart which indicate low momentum in prices. Breakdown below 528 may push prices lower towards 525 on intraday basis

SELL COPPER BELOW 528 SL ABOVE 531 TGT 525/522

 

ZINC

Zinc prices is trading in a tight range between 194 and 196 level from last few days. On hourly chart we have observed negative divergence in prices with RSI which indicate that profit booking is possible in Zinc from current level. Traders can sell Zinc below 195 for the target of 194 on intraday basis.

SELL ZINC BELOW 195 SL ABOVE 196 TGT 194/193

 

 

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