Buy Zinc Above 206 SL BELOW 205 TGT 207/208 - Axis Securities Ltd
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ZINC
Zinc prices traded volatile in last trading session. On hourly chart prices closed above 20 days EMA and RSI is around 50 level. Immediate resistance can be seen around 296 level. Breakout above the mentioned level may push prices higher towards 207 level on intraday basis.
BUY ZINC ABOVE 206 SL BELOW 205 TGT 207/208
COPPER
Copper prices traded volatile in last trading session. Prices rallied higher up till 604 level but it failed to sustain higher and drifted lower towards 596 level. On hourly chart prices has broken upward sloping trend line and overall trend is looking weak as it is trading below 9 and 20 days EMA and RSI is below 40 level indicating bearishness in prices. Traders can sell Copper below 583 for the target of 591 on intraday basis.
SELL COPPER BELOW 593 SL ABOVE 595 TGT 591/589
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