Sell Copper Around 707.5-708.5 SL ABOVE 711 TGT 705/702 - Axis Securities Ltd
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COPPER
Copper prices gave a gap down opening in last trading session and prices was down by 2 percent. Prices broke the support zone of 707 and drifted lower towards 697 level on intraday basis. Short term trend is looking negative for prices as it is trading below 9 and 20 days EMA and RSI is also below 60 level indicating low momentum in prices. Any rally towards 707 level can be used as an selling opportunity for the target of 705/702 level on intraday basis
SELL COPPER AROUND 707.5-708.5 SL ABOVE 711 TGT 705/702
SILVER
Silver prices edged lower in last trading session after prices broke the support zone of 69000 and drifted lower towards 66800 level on intraday basis. Prices closed around 68100 level. Overall trend is negative for prices as it is trading below 20 and 60 days EMA and RSI is also below 60 level indicating low momentum in prices. Traders can sell Silver around 68700 level for the target of 68300 level on intraday basis.
SELL SILVER AROUND 68700 SL ABOVE 69100 TGT 68300/68000
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