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COPPER

Copper prices closed in green on 25th Jan around 752 level. Market was closed in last session. Short term trend is looking positive for prices as it is trading above 20 and 60 days EMA. Immediate resistance can be seen around 753 level. Breakout above the mentioned level may push prices higher towards 756 on intraday basis.

BUY COPPER ABOVE 753 SL BELOW 750 TGT 756/759

SILVER

Silver prices closed on a flat note on 25th Jan. Yesterday indian market was close on account of republic day. In yesterday Fed meeting they pointed that inflation is worse than in December , also they signalled March rate hike, cause of that precious metals pices tumbled in last session. We expect a gap down opening in Silver. Any rallied towards 63500 may be used as an selling opportunity for the target of 63000 level.

SELL SILVER AROUND 63500 SL ABOVE 63800 TGT 63000/62500

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