Sell Copper Below 721 SL ABOVE 725 TGT 716/713 - Axis Securities
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NATURAL GAS
MAXNatural gas price has given negative breakout from rising trend line channel, price is expected to trade channel, price is expected to trade negatively . Sustaining below 199 world drag down the price lower toworld 194/192 levels in coming seisson The momentum indicator RSI is trading at 32 and it is forming lower lows which is a bearish sing for the price.
SELL NATURAL GAS BELOW 199 SL ABOVE 203 TGT 194/192
COPPER
MCX Copper price is trading near support level of consolidation range, Price is expected to trade negatively. Any breakdown below 721 next leg of the correction would drag down the price lower towards 716/713 levels in coming sessions. The hourly momentum indicator RSI is trading at 50 and it is forming lower lows and lower highs which is a negative sign for the prices.
SELL COPPER BELOW 721 SL ABOVE 725 TGT 716/713
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