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Copper 

 Copper prices opened on a flat note. Prices dropped by more than two percent from the high as the dollar index edged higher, denting its appeal. The near-term trend is weak as it is below its important EMAs of 9 and 20 on the hourly chart. For intraday, sellon rises is recommended as long as the 880 level remains intact on the upside.

SELL COPPER AROUND 875 SL ABOVE 880 TGT 869

Gold

Gold prices opened with a gap up and made a new weekly high of Rs 72,500. However, prices fell by almost 2 percent from the day's high as news broke that China ended its 18-month buying streak last month. On the hourly chart, it is trading below the 20 and 60-day EMA, which is a negative sign for prices. Traders may sell gold on rallies around. Rs 72,600 for an intraday basis.

SELL GOLD AROUND 72600 SL ABOE 72800 TGT 72300

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