Copper
Clearly indicated that below 333 we will see panic in Copper
till 327---323. Just made a low of 327.80.
Now what to expect???
Still looks weak and could test its support level of 327 and
then to 324---323 mark.
Three consecutive closes + weekly close below 323 will see
free fall in Copper in days to come
Revise stop loss of 333
Nickel
Support at 670 and Resistance at 700
Looks weak and could test its support level of 670. Two
consecutive closes below 670 will see free fall in Nickel else it could test
its resistance level of 700 again
Further upside rally seen only weekly close above 700 mark
Trade with levels only
Lead
Below 113... our target was 110.50---109.00. It made a low
of 109.50 and now trading at 110.50
Now what to expect???
Support at 108.80 and Resistance at 111.50
Close below 108.80 will take to 107.20---106.50 and then to
104.00 mark in days to come
Revise stop loss of 111.50
Zinc
Told to sell below 118.60 with stop loss of 120.50. Crashed
and made a low of 115.70. We booked full profit around 117.00
Now what to expect???
Close below 115.00 will see further panic till 114---113
mark in days to come
Revise stop loss of 117 on closing basis
Crude oil
Support at 2670---2640 and resistance at 2800---2860
Looks weak and could test its support. Further panic seen
only weekly close below 2640 mark else it could test its resistance level of
2800---2860 mark
Just trade with levels only
Natural Gas
Support at 176 and Resistance at 185---193
Two consecutive closes below 176 will take to 168---163 and
then to 155 mark in days to come else it could test its resistance level of 185
and then to 189---193 again
Trade with levels only.
More will update soon!!
