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Published on 21/09/2020 5:23:35 PM | Source: Axis Securities Ltd

Sell Copper Below 532.50 SL Above 535 TGT 529/528 - Axis Securities

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

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Copper

MCX Copper price has given negative breakout from rising trend line channel, price is expected to trade negatively. Any breakdown below 532.50 next leg of the correction would drag down the price lower towards 529/528 levels in intraday. The momentum indicator RSI is trading at 45 and forming lower lows which shows bearishness in prices.

SELL COPPER BELOW 532.50 SL ABOVE 535 TGT 529/528

 

Natural Gas

MCX Natural gas price is trading under a rectangle pattern after big correction, price remains to trade negatively. Any breakdown below 143 next leg of the correction would drag down the price lower towards 138/136 levels in intraday. As the price has been trading below 9,21&60 EMA which is a bearish sign for prices.

SELL NATURAL GAS BELOW 143 SL ABOVE 147 TGT 138/136

 

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