Copper
Told to sell below 361.50 mark and on rise around 365. It
made a high of 365.10 and slipped to 358.95
Two consecutive closes below 361.50 will see free fall in
Copper till 353---348 and then to ???
On rise sell it!! Stop loss intact above 369
Nickel
Not able to breach its resistance level of 700 and
slipped again to 669.50 mark
Now what to expect???
Close below 680 will take to 655---640 and then to 610 mark
Fresh buying can initiate only close above 700 level
Lead
Told to sell around 115 with stop loss of 116.50. It crashed
vertically and made a low of 111.60. Our downside target and support was
112---111
Now what to expect???
Still looks weak and could test 111---110 mark. Two
consecutive closes below 110 will see free fall in Lead
Immediate hurdle and stop loss 113.50
Zinc
Not able to sustain above 122.50 and slipped to 118.40 mark.
We recommended selling below 120 mark
Now what to expect???
Still looks weak and could test 117.50. Two consecutive closes
below 117.50 will see free fall in days to come
Any sharp rise will be selling opportunity but trade with
levels only
Crude Oil
Support at 2930 and Resistance at 3000
Close below 2930 will take to 2880---2850 and then to 2780
mark else it could test its resistance level of 3000 and then to 3050---3080
mark
Two consecutive closes above 3080 will see further upside
rally till???
Trade with levels only.
