Sell Copper Around 720 Sl Above 723 TGT 717/714 - Axis Securities Ltd
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COPPER
Copper prices traded volatile in last trading session after prices managed to bounce back from the lows of 708 up till 716 level. However on hourly chart prices is trading below 20 days EMA and RSI is also below 60 level which indicate that the upside momentum is not strong for prices. Any rally towards 720 can be used as an selling opportunity for prices.
SELL COPPER AROUND 720 SL ABOVE 723 TGT 717/714
SILVER
Silver prices rallied higher in last trading sesssion after prices broke the strong resistance zone of 68500 and touched 69000 level on intraday basis. Overall trend is looking positive for prices as it is trading above 60 days EMA and RSI is also above 60 level which indicate that momentum is strong for Silver. Traders can buy Silver around 68600 for the target of 68900 on intraday basis.
BUY SILVER AROUND 68600 SL BELOW 68300 TGT 68900/69200
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