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Published on 20/11/2020 9:23:56 AM | Source: Axis Securities Ltd

Sell Copper Around 548.5 SL ABOVE 551 TGT 545.5/542 - Axis Securities

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

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Natural gas

Natural gas prices dragged lower in last trading session after prices broke the strong support zone of 200 and drifted lower towards 190 level. However prices respected the support zone of 190 and managed to bounce back up till 195 level. Any correction down till 190 level can be used as an buying opportunity in Natural gas for the target of 193 level on intraday basis.

BUY NATURAL GAS AROUND 190 SL BELOW 187 TGT 193/196

 

Copper

Copper prices traded volatile in last trading session. Prices broke the strong support zone of 540 but it managed to bounce back up till 545 level. On hourly chart prices is facing selling pressure near the strong resistance zone of 548.5 level and it is not able to break the mentioned resistance zone. Traders can sell around the mentioned level for the target of 545.5 on intraday basis.

SELL COPPER AROUND 548.5 SL ABOVE 551 TGT 545.5/542

 

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