Sell Copper In The Range Of 815.50-816 Sl Above 820 TGT 810/804 - Axis Securities
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Copper
MCX Copper opened on a flat note and witnessed volatility on either side for most part of the session. The chart pattern suggests that if Copper sustains below 815.50 level it would witness selling which would lead the It towards §10-804 levels. Important Resistances for the day are placed at 622.
SELL COPPER IN THE RANGE OF 815.50-816 SL ABOVE 820 TGT 810/804
Natural Gas
MCX Naturalgas opened with a downward gap and remained consolidated on either side. Natural Gas is trading below 20,60&100 hourly 5MA indicating negative bias in the short to medium term. The price is moving in a Lower Top and Lower Bottom formation on the daily chart indicating bearishness.
SELL NATURAL GAS BELOW 516 SL ABOVE 525 TGT 503/495
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