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Copper

MCX Copper price has seen strong pullback after testing support levels, price is expected to trade positively. Sustaining above 737.90 would push the price higher towards 744.50/748 levels intraday. The price has started trading above 9,21&60 hourly EMA which is a bullishness in the prices.

BUY COPPER IN THE RANGE OF 737.90-737.40 SL BELOW 732 TGT 744-50/748

Nickel

MCX Nickel price has given strong pullback after breaking the falling trend line channel, price is expected to trade positively. Sustaining above 1565 would push the price higher towards 1580/1585 levels intraday. The momentum indicator RSI is trading at 51 and it is forming higher highs which is a bullishness in the prices.

BUY NICKEL ABOVE 1565 SL BELOW 1555 TGT 1580/1585

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