Sell Copper Around 756 SL Above 759 TGT 753/750 - Axis Securities
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NATURAL GAS
Natural gas prices gave a gap down opening in last trading session and it is closed in red around 290 level. Short term trend has turned negative for prices as it has closed below 9 days EMA and RSI is also below 60 level on daily chart which is a negative sign for prices. Any rallied towards 295 can be used as an selling opportunity for the target of 292 on intraday basis.
SELL NATURAL GAS AROUND 295 SL ABOVE 298 TGT 292/288
COPPER
Copper prices drifted lower in last trading session after prices broke the strong support zone of 755 and drifted lower towars 746 level. However it managed to close around 751. Immediate resistance zone is seen around 756, earlier which was acting as a strong support zone. Traders can sell Copper around 756 for the target of 753 on intraday basis.
SELL COPPER AROUND 756 SL ABOVE 759 TGT 753/750
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