Sell Zinc Around 235 Sl Above 236 TGT 234/233 - Axis Securities Ltd
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COPPER
Copper prices crashed by almost 3 percent after prices broke the storng support zone of 770 and drifted lower towards 755 level on intraday basis. On hourly chart prices is trading below 20 and 60 days EMA and RSI is also below 40 level indicating low momentum in prices. Traders can sell Copper on rise around 765 for the target of 762 on intraday basis.
SELL COPPER AROUND 765 SL ABOVE 768 TGT 762/758
ZINC
Zinc prices edged lower in last session after it broke the strong support zone of 235 and drifted lower towards 230 level on intraday basis. On hourly chart prices is trading below 9 and 20 days EMA which is a negative sign for prices. Traders can sell Zinc around 235 level for the target of 234 on intraday basis.
SELL ZINC AROUND 235 SL ABOVE 236 TGT 234/233
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