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Copper

Copper price closed on a negative note in last trading session. On hourly chart prices is trading below 9- and 20-days EMA and RSI is also below 60 level which indicate that momentum in weak for prices. Traders can sell COPPER on rise around 739 for the target of 735 on intraday basis

SELL COPPER AROUND 739 SL ABOVE 742 TGT 736/732

Gold

Gold prices closed on a negative note in last trading session. On hourly chart resistance is seen around 48300 level. As long as the mentioned resistance level is intact we expect prices to trade in a range between 48300 and 47800. Traders may sell Gold on rise around 48200 for the target of 48100 on intraday basis.

SELL GOLD AROUND 48200 SL ABOVE 48300 TGT 48100/48000

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