Copper
Support at 348---345 and Resistance at 359----363
Break and sustain above 354 will take to 359---363 mark on
the higher side but be cautious at upper levels
Fresh selling can initiate only close below 345 mark
Positional traders can take a risk and sell Copper on rise
around 359---363 with stop loss of 373 for the initial target of 345 and then
to 333---326 mark
Others can trade with levels only
Nickel
Support at 645---620 and Resistance at 680
Either side break or close with volume will decide
further... Till then traders can trade in a range with strict stop loss and
wait for confirmation
Crude Oil
Told to sell below 3040. It crashed and made a low of
2931 mark and now trading around 2990
Now what to expect???
Support at 2930 and Resistance at 3040
Break and sustain below 2930 will take to 2870---2830 and
then to 2750 mark in days to come else it could test its resistance level of 3040
again
Close above 3040 will see rally again in Crude oil till
3090---3120 and then to 3200 mark
Traders can trade with levels only
