Sell Copper Below 720 SL Above 724 TGT 715/712 - Axis Securities
Copper
MCX Copper price is trading near the support of symmetrical triangle pattern, price is expected to trade negatively. Any break down below 720 would push further correction towards 715/712 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 720 SL ABOVE 724 TGT 715/712
Natural gas
MCX Natural gas price has given a negative breakout from it's consolidation range, price is expected to trade negatively. Sustaining below 283.50 would drag down the price lower towards 277/275 levels in RSI is trading at 28 it is forming lower lows which is a bearish sign for the Prices.
SELL NATURAL GAS BELOW 283.50 SL ABOVE 288 TGT 277/275
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