Zinc
Again... Not able to breach its resistance level of 122.50
and slipped again 119.25 and now trading around 119.50
Now what to expect???
Support at 119 and Resistance at 121---122.50
Decisive break and close below 119 will take to 117---115.50
mark else it could test its resistance level of 121---122.50 again
Further upside rally seen only close above 122.50 mark
Trade with levels only
Aluminium
Support at 107.50 and Resistance at 109
Upper side seems limited in Aluminium but trade with levels
only. Decisive break and close below 107.50 will take to 106---105 mark in days
to come
Hurdle intact at 109
Crude Oil
Crude oil unable to breach its support level of 3030 and
bounced back sharply again to 3214 mark. We recommended buying above 3100 mark
Now what to expect???
Crude oil has support at 3030 and Resistance at 3200
If it unable to breach its support level of 3030 then it
could test its resistance level of 3200 again
Two consecutive closes + weekly close above 3200 will see
sharp upside rally in Crude oil till ???
Below 3030... it could test 2970---2930 and then to 2850
mark
Trade with levels only. More will update soon!!
