Buy Copper Around 745 Sl Below 742 TGT 748/751 - Axis Securities Ltd
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COPPER
Copper prices finally recovered in last trading session after correcting for 5 days in a row. On hourly chart prices edged above 9 and 20 days EMA which is a positive sign for prices. We expect Copper to be in the positive territory this week on account of short covering. Any dips around 745 level can be used as an buying opportunty in Copper for the target of 748 level on intraday basis.
BUY COPPER AROUND 745 SL BELOW 742 TGT 748/751
SILVER
Silver prices traded volatile in last trading session and ended the day on a positive note around 72000 level. On hourly chart prices is trading below 20 and 60 days EMA and RSI is around 55 level which indicate that overall trend is sideways to negative for prices. Any rally towards 72000 level can be used as an selling opportunity for the target of 71700 level on intraday basis.
SELL SILVER AROUND 72000 SL ABOVE 72300 TGT 71700/71400
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