Buy Copper Above 741 SL Below 737 TGT 746/750 - Axis Securities
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Copper
MCX Copper opened on a flat note and buying momentum throughout the session let it trade near the day's high. On the hourly chart Copper is trading above 20 and 60 hourly EMA`s indicating positive bias in the intraday. The chart pattern suggests that if Copper crosses and sustains above 741 level it would witness buying which would push the price towards 746-750 levels.
BUY COPPER ABOVE 741 SL BELOW 737 TGT 746/750
Natural Gas
MCX Naturalgas opened with and upward gap and remained lackluster within a narrow trading range throughout the day. The chart pattern suggests that if Naturalgas breaks and sustains below 213 level it would witness selling which would drag the price towards 207-204 levels. Important resistances for the day is placed at 218.
SELL NATURALGAS BELOW 213 SL ABOVE 218 TGT 207/204
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