Sell Copper Around 721.5 SL Above 724.5 TGT 718/716 - Axis Securities
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Copper
Copper prices traded sideways in last trading session. Prices touched 721.5 level but it failed to sustain near the mentioned level and drifted lower towards 717 level. On hourly chart we can observed that strong resistance zone is seen around 721.5 level. The mentioned level can be used as an selling opportunity for the target of 718 on intraday basis.
SELL COPPER AROUND 721.5 SL ABOVE 724.5 TGT 718/716
Natural gas
Natural gas prices traded volatile in last trading session. On hourly chart we can observe that prices is stuck in a trading range between 296 and 286 from past few days. We expect the prices to trade in the mentioned range as long as the mentioned level is intact on both the side. Any rally towards 296 can be used as an selling opportunity for the target of 293 on intraday basis.
SELL NATURAL GAS AROUND 296 SL ABOVE 299 TGT 293/290
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