Copper
Not able to breach its resistance level of 348.80 and
slipped again to 342.45. Below 345.80... our target was 342.80---341.50 mark
Now what to expect???
Still looks weak and could test its support level of
339---336 and then to 328 mark in days to come
On rise sell it!! Stop loss above 352 on closing basis
Zinc
Support at 119 and Resistance at 121---122.50
Two consecutive closes below 119 will take to 116---114.50
mark in days to come
Fresh buying can initiate only close above 122.50 mark
Aluminium
Support at 105 and Resistance at 108
Two consecutive closes below 105 will take to 102---100.50
mark
Fresh buying can initiate only weekly close above 108 mark
Trade with levels only
Crude Oil
Yesterday... we recommended buying in Crude oil. It made a
high of 3257. Our hurdle and target was 3260. We booked part profit around 3250
and revised stop loss at cost to cost.
Again... we recommended selling in Crude oil below 3140. It
crashed vertically and booked full profit around 2965
Now what to expect???
Close below 2950 will see further panic till 2880---2830 and
then to 2780 mark else it could test its resistance level of 2990---3060 again
Further upside rally seen only close above 3060 mark
Traders can trade with levels only.
