Sell Silver Around 64850 SL Above 65150 TGT 64550/64250 - Axis Securities
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Silver
Silver prices edged lower in last trading session after prices broke the support zone of 64600 it drifted lower towards 64100 level. On hourly chart prices closed below 20 and 60 days EMA and RSI is also below 60 level which indicate that mometum is weak for prices. Traders may sell Silver around 64850 level for the target of 64550 on intraday basis.
SELL SILVER AROUND 64850 SL ABOVE 65150 TGT 64550/64250
Copper
Copper prices edged lower in last trading session after prices broke the strong support zone of 750 and prices drifted lower towards 738 on intraday basis. Short term trend is negative for prices as it is trading below 9 and 20 days EMA and RSI is also below 60 level which indicate that momemtum in weak for prices. Traders may sell Copper on rise around 750 level for the target of 747 on intraday basis.
SELL COPPER AROUND 750 SL ABOVE 753 TGT 747/744
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