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Thursday, July 16, 2015

Base metals Update 16 July 2015



Copper


  
Support at 353 and Resistance at 360---366

Two consecutive closes + weekly close below 353 will see panic till 347---343 and then to 338 mark else it could test its resistance level of 360---366 again

Further upside rally seen only weekly close above 366 mark

Trade with levels only





Nickel



Support at 725 and Resistance at 755

Close below 725 will take to 710---690 an then to 665 mark else it could test its resistance level of 755 again

Further upside rally seen only close above 755 mark

Trade with levels only




Lead, Zinc and Aluminium

  


Lead has support at 116 and resistance at 119

Zinc has support at 130.00 and resistance at 134

Aluminium has support at 105.50 and resistance at 108

Trade in a range with strict stop loss

More will be updated soon!!