Buy Zinc Around 224 SL BELOW 223 TGT 225/226 - Axis Securities
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COPPER
Copper prices edged lower in last trading session after prices broke the intermediate support zone of 692 and closed around 689 level. On hourly chart prices has closed below 9 and 20 days EMA. Moreover moementum indicator RSI is also trading below 40 levle 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 229 and closed around 227 level. As LME is zinc is down we are expecting gap down in MCX zinc. However immediate support zone in Zinc can be seen around 224 level. Traders can buy Zinc around the mentioned level for the target of 223 on intraday basis
BUY ZINC AROUND 224 SL BELOW 223 TGT 225/226
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