Update on Base Metals (25th Jan 2018)
Copper
Our sell call from 451---439.4 has proven great.
Now what to expect?
Support at 438 and Resistance at 458.
Sharp “U” turn noticed on the daily chart. Weekly close above 458 will see sharp upside rally towards 464—470 and then 478 mark.
Fresh selling can be initiated only on close below 438 mark.
Trade with levels only.
Nickel
Our buy call from 805---876 has proven great
Now what to expect?
Support is 845 and Resistance is 895.
Rally likely to continue till 895. Weekly close above 895 will take it to 926—960++ mark in near term.
Fresh selling can be initiated only on close below 845 mark.
Trade with levels only.
Lead
Support seen at 164.5 and Resistance at 168.50.
Trading in a tight range. Either side break or close will set the further trend in it.
Fresh buying can be initiated on close above 168.5 mark.
Trade with levels only.
Zinc
Our buy call from 215.5---221.50 has proven great
Now what to expect?
Rally likely to continue. Weekly close above 221.5 will see sharp upside rally till 224.5—229 and then 234++ mark in near term.
Fresh selling can be initiated only close below 214 mark.
Trade with levels only.
Aluminium
Support at 140.5 and resistance is 145
Buy and accumulate more on decline. Break and close above 145 will take it towards 149—154++ mark else could touch its support of 140.5.
Fresh selling can be initiated only on close below 140.5 mark.
Trade with levels only. Any reversal seems will update
More will update soon !!
