Sell Copper Around 715 SL Above 718 TGT 712/709 - Axis Securities
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Copper
Copper prices edged higher in last trading session after prices broke the strong resistance zone of 700 and closed around 709 level. We are expecting gap up opening in today's session. However prices may face hurdle near 715 level as on hourly chart upper bollinger band lies near the mentioned level. Taders may sell Copper around the mentioned level for the target of 712 on intraday basis.
SELL COPPER AROUND 715 SL ABOVE 718 TGT 712/709
Natural gas
Natural gas prices traded volatile in last trading session and closed flat around 290 level. On hourly chart strong resistance is seen around 294 level and overall trend is weak as momemtum indicator RSI is trading below 60 level mark. Immediate resistance is seen around 294 for the target of 297 on intraday basis.
SELL NATURAL GAS AROUND 294 SL ABOVE 297 TGT 291/289
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