Sell Copper Below 734.50 SL Above 738 TGT 730/727 - Axis Securities
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Copper
MCX Copper price has given a negative breakout, price is expected to trade negatively. Sustaining below 734.50 would drag the price lower towards 730/727 levels in intraday. The momentum indicator RSI is trading at 29 and it is forming lower lows which is a bearish sign for the prices.
SELL COPPER BELOW 734.50 SL ABOVE 738 TGT 730/727
Nickel
MCX Nickel price has given a negative breakout from the trend line, price is expected to trade negatively. Sustaining below 1456 would drag the price lower towards 1442/1435 levels in intraday. The price has started trading below 9,21&60 hourly EMA which is a bearish sign for the prices.
SELL NICKEL BELOW 1456 SL ABOVE 1465 TGT 1442/1435
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