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Thursday, September 10, 2015

Update on Base metals and Energy 10 Sep 2015





Copper




Support at 361 and Resistance at 368


Decisive break and sustain below 361 will see free fall in Copper till 354---348 and then to 343 mark in days to come else it could test its resistance level of 368 again


Close above 368 will see further upside rally till 371---373.50 mark


373.50 act as major hurdle... Traders can trade with levels only




Crude Oil




Highly volatile session we have seen in yesterday's trading session and now a gap down opening today.


Now what to expect today??


Support at 2880---2850 and Resistance at 2980---3030


Still trading in a range and we will expect range bound trading remain continue in today's trading session too


So traders can trade in a range with levels only and wait for confirmation... Anything seems will update.





Natural Gas




Trading in a range from last few trading sessions and this trend remain continue in today's trading session too

Support at 174 and Resistance at 184---190


So traders can trade in a range with strict stop loss and wait for confirmation.


Anything seems will update.