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COPPER

Copper prices edged higher in last trading session after prices broke the strong resistance zone of 727 and touched 733 level. Overall trend is positive to sideways for price as it is trading above 20 and 60 days EMA and RSI is also above 60 indicating bullishness in prices. Traders may buy Copper on dips around 727 for the target of 730 level on intraday basis.

BUY COPPER AROUND 727 SL BELOW 724 TGT 730/733

GOLD

Gold prices traded sideways in last trading session in a tight range between 47250 and 47400 level. Overall the trend is looking bullish for prices as it is trading above 20 and 60 days EMA and RSI is nearing 60 level indicaitng that the momemtum in strong for prices. Traders can buy Gold around 47300 level for the target of 47400 level on intraday basis.

BUY GOLD AROUND 47300 SL BELOW 47200 TGT 47400/47500

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