Sell Copper Below 702 SL Above 707 TGT 695/693 - Axis Securities
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Copper
MCX Copper price is trading under a falling trend line channel, price is expected to trade negatively. Any breakdown below 702 would drag down the price lower towards 695/693 levels in intraday.The price has started trading below 9,21&60 hourly EMA which is a bearish sign for the prices.
SELL COPPER BELOW 702 SL ABOVE 707 TGT 695/693
Nickel
MCX Nickel price is showing weakness, price is expected to trade negatively. Any breakdown below 1357 would drag down the price lower; towards 1345/1340 levels in intraday.100 hourly SMA crossed over 50 hourly SMA (Death Crossover) it shows bearishness in the prices.
SELL NICKEL BELOW 1357 SL ABOVE 1367 TGT 1347/1340
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