Copper Mar future has strong supply area around 733 - 735 - HDFC Securities
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BULLION
Gold
Trading Strategy:
Gold prices are likely to fluctuate in the range of 61700 to 62550 before the outcome of crucial US economic data. Buy Gold Apr Fut above 62400 TGT 62650/62800 SL 62250.
Silver
Trading Strategy
The silver short-term trend remains bearish, and the price is expected to correct towards the 69300 level once it breaks support at 70500. Sell Silver May Fut at 71150-71250 TGT 70550/70200 SL 71700.
MCX Crude Oil
Trading Strategy:
Crude oil prices are likely to fluctuate in the upper end range of 6410 to 6600 with a positive bias. Buy crude oil Mar Fut at 6460- 6470 TGT 6525/6570 SL 6400.
Natural Gas
Trading Strategy:
Natural gas March Fut has support at 142/135 and resistance at 159/166. We anticipate both sides volatility to be seen in natural gas amid mixed fundamentals.
Copper
Trading Strategy:
Copper Mar future has strong supply area around 733–735. Until price trades below this resistance zone, fresh buying should be avoided. It has support at 722/717. Sell Copper Mar Fut at 728-729 TGT 722/719 SL 732.80.
Zinc
Trading Strategy:
Zinc Mar future has immediate resistance at 217.80; a move above 217.80 will open upside towards 220.80/222.0. It has support at 213.25/211.80. Sell Zinc Mar Fut at 215.50 TGT 212.50/209.80 SL 217.70.
Please refer disclaimer at https://www.hdfcsec.com/article/disclaimer-1795
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