Sell Copper Below 697 Sl Above 701 TGT 692/688 - Axis Securities Ltd
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COPPER
MCX Copper price is trading inside the falling trend line channel, price is expected to trade negatively. Sustaining below 697 would drag the price lower towards 692/988 levels in intraday. The hourly momentum indicator RSI is trading at 30 and it is forming lower lows which is a negative sign for the prices.
SELL COPPER BELOW 697 SL ABOVE 701 TGT 692/688
NATURAL GAS
MCX Natural gas price is trading near strong support level, price is expected to trade negatively. Any breakdown below 234 would drag down the price lower towards 228/226 levels in intraday. The price has started trading below 9,21&60 hourly EMA which is a negative sign for the prices.
SELL NATURAL GAS BELOW 234 SL ABOVE 239 TGT 228/226
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