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Friday, September 18, 2015

Update on Base metals 18 Sep 2015




Copper




Support at 358---355 and Resistance at 365---369

Either side break or close with volume will decide further...

Till then traders can trade in a range with strict stop loss 





Nickel





Support at 655 and Resistance at 670

Two consecutive closes below 655 will take to 640---625 and then to 610 mark. Further panic seen only close below 610 mark else it could test its resistance level of 670 again

Close above 670 will take to 690---700 mark


Trade with levels only






Crude Oil




Support at 3030 and Resistance at 3100

Close below 3030 will take to 2970----2930 and then to 2880 mark else it could test its resistance level of 3100 mark

Close above 3100 will take to 3180---3230 mark


Trade with levels only



More will be update soon!!