Sell Copper Below 708 SL Above 712 TGT 703/700 - Axis Securities
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Copper
MCX Copper price is trading under pressure, price remains to trade negatively. Sustaining below 708 would drag the price lower towards 703/700 levels in intraday. The price has started trading below 9,21&60 hourly EMA which is a bearishness for the prices.
SELL COPPER BELOW 708 SL ABOVE 712 TGT 703/700
Zinc
MCX Zinc price is trading near strong support levels, price is expected to trade negatively. Sustaining below 243 would drag the price lower towards 241.50/240.50 levels in intraday. The momentum indicator RSI is trading at 35 and it is forming lower lows which is a bearish sign for the prices.
SELL ZINC BELOW 243 SL ABOVE 244 TGT 241.50/140.50
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