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COPPER

Copper prcices crashed in last trading session after prices broke the strong support zone of 756 and touched 730 level on intraday basis. On hourly chart immediate support zone can be seen aorund 730 level. We may expect some bounce back in Copper prices from the mentioned level up till 735 on intraday basis.

BUY COPPER AROUND 730 SL BELOW 727 TGT 733/736

SILVER

Silver prices cracked in last trading session after it was trading sideways from last few days. On hourly chart prices broke the strong support zone of 71800 and drifted lower towards 70000 level on intraday basis. Overall trend is looking negative for prices as it is trading below 20 and 60 days EMA and RSI is also below 40 level. Traders can sell Silver on rsie aound 71700 level for the target of 71400 level on intraday basis.

SELL SILVER AROUD 71700 SL ABOVE 72000 TGT 71400/71000

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