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Copper

MCX Copper opened on a flat note and remained in a Small range throughout the day. The chart pattern , suggests that if Copper sustains  below 779 level it would witness selling which would drag the price  towards 773-770 levels. Important resistances for the day are placed at Press 786

SELL COPPER IN THE RANGE OF 779.60-780.10 SL ABOVE 786 TGT 773.50/768

Naturalgas

MCX Naturalgas opened with a downward gap but witnessed buying in the second half of the session which  pushed prices to day's high. The daily strength indicator RSI is moving  upwards and is above its reference Cote line indicating positive Naturalgas continues to remain in an  uptrend for the short term, so buy continues to be our preferred strategy.

BUY NATURALGAS ABOVE 192 SL BELOW 186 TGT 199/205

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