Buy Silver Around 65200 Sl Below 64900 TGT 65500/65800 - Axis Securities
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Copper
Copper price egded lower in last trading session after prices broke the strog support zone of 770 and drifted lower towards 762 level on intraday basis. On hourly chart it closed below 9 and 20 days EMA and RSI is also below 40 level which indicate low momentum in prices. Traders may sell Copper around 772 for the target of 769 on intraday basis
SELL COPPER AROUND 772 SL ABOVE 775 TGT 769/766
Silver
Silver prices traded volatile in last trading session. Pricess rallied higher up till 66500 level after it broke the strong resistance zone of 65500. However prices failed to sustain near the mentioned level and closed around 65500 level. Overall trend is positive for prices as it is trading above 20 and 60 days EMA. Any dips around 65200 may push prices higher towards 65500 on intraday basis.
BUY SILVER AROUND 65200 SL BELOW 64900 TGT 65500/65800
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