Sell Copper Below 720 SL Above 724 TGT 715/712 - Axis Securities
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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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