We clearly indicated that not to buy base metal at all as
trend looks
weak. Our sell call in Copper proven great and crashed
vertically.
Have a look on it!!
Aluminium
Clearly indicated to sell Aluminium below 105 with stop loss
of 108 for the downside target of 102---101. Just made a low of 101.35. In
morning too indicated that it looks weak and could test 102---101 mark
Now what to expect???
Two consecutive closes below 100.50 will take to 99.00 mark.
Three consecutive closes + weekly close below 99.00 will see free fall in days
to come
Revise stop loss of 103.80 on closing basis
Lead
In morning told that it looks weak and could test its
support level of 108.50---107.80. Just made a low of 108.40
Now what to expect???
Support at 107.80 and Resistance at 109.80
Two consecutive closes below 107.80 will take to
105.50---104.00 mark in days to come else it could test its resistance level of
109.80
Further upside rally seen only close above 109.80 mark
Trade with levels only
Zinc
In morning... too recommended that Zinc looks weak and could
test its support level of 106.00. Just made a low of 105.85
Now what to expect???
Support at 106.20 and Resistance at 108.50
Two consecutive closes below 106.20 will see free fall in
Zinc till 104.50---103.00 mark in days to come
Fresh buying can initiate only close above 108.50 mark
Traders can trade with levels only
More will be update soon!!
