Buy Zinc Around 220.6-220.4 SL BELOW 219.5 TGT 221.5/222.5 - Axis Securities
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COPPER
Copper prices edged lower in last trading session after prices broke the intermediate support zone of 690 and closed around 687 level. On hourly chart prices has closed below60 days EMA. Moreover moementum indicator RSI is also trading below 60 level indicating low momentum in prices. Traders can sell Copper on rise around 692 for the target of 689 on intraday basis.
SELL COPPER AROUND 692 SL ABOVE 695 TGT 689/687
ZINC
Zinc pices edged lower in last trading session after prices failed to sustain around 225 and closed around 221 level. However immediate support zone in Zinc can be seen around 220 level. On hourly chart prices is trading above the lower bollinger band and has formed mulitple doji candle indicating indeciveness of the current downtrend.Traders can buy Zinc around 220.6-220.4 for the target of 221.5 on intraday basis.
BUY ZINC AROUND 220.6-220.4 SL BELOW 219.5 TGT 221.5/222.5
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