Sell Copper Around 743 SL Above 746 TGT 740/737 - Axis Securities
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COPPER
COPPER prices edged higher in last trading session and closed around 741 level. Althought prices managed to close above 9 and 20 days EMA on hourly chart we have observed divergence in prices with RSI which indicate possible reversal in prices. Traders can sell Copper around 743 for the target of 740 on intraday basis.
SELL COPPER AROUND 743 SL ABOVE 746 TGT 740/737
NATURAL GAS
Natural gas prices traded volatile in last session and it closed in red around 405 level. Overall trend is looking sideways to negative for prices as it closed below 9 and 20 days EMA on hourly chart. Immmediate supprot zone is seen around 400 level. Breakdown below the mentioned level may push prices lower towards 397 on intraday basis.
SELL NATURAL GAS BELOW 400 SL ABOVE 403 TGT 397/392
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