Crude Oil
Yesterday... We recommended buying in Crude oil around 2660. It flared like anything and hit 2888 mark. We booked full profit around 2790 level
Now what to expect???
Support at 2770---2690 and Resistance at 2920---2980
Still looks positive and could test its resistance level of 2920 and then to 2950---2980 mark. Further upside rally seen only close above 3030 mark else it could test its support level of 2770 and then to 2720---2690 mark again
Close below 2690 will see further panic till 2630---2570 mark
$38 INR 2570 act as major support for Crude oil
Copper
Support at 334.50 and Resistance at 348
Looks positive and could test its resistance level of
343---348. Further upside rally seen only close above 348 mark else it could
test its support level of 334.50 again
Close below 334.50 will see panic again till 330---326 mark
Trade with levels only
Nickel
Support at 645---620 and Resistance at 680
Traders can trade in a range with strict stop loss and wait
for
confirmation... Anything seems will update.
