We clearly indicated that be cautious in base metals at
upper levels. Our sell call in Copper, Lead, Aluminium proven
great.
Have a look on it!!
Copper
Told to sell below 361.50 mark and on rise around 365. It
made a low high of 365.10 and slipped to 355.50
Close below 355 will see further panic till 351---348 and
then to 340 mark again
Just trade with levels only
Nickel
Not able to breach its resistance level of 700 and
crashed vertically to 650.50 mark. Below 680.... our target was 655---640
Now what to expect???
Still looks weak and could test its support level of 640 and
then to 625---610 mark
Three consecutive closes + weekly close below 610 will see
free fall in Nickel
Revise stop loss of 665
Lead
As expected, Lead crashed and made a low of 109.85. Told to
sell around 115 with stop loss of 116.50.
Now what to expect???
Two consecutive closes below 110 will see free
fall in Lead 107---105.50 mark in days to come
Immediate hurdle and stop loss 112.00
Zinc
Crashed vertically and made a low of 112.80. We recommended
selling below 117.50 for the downside target 114---113.
Now what to expect???
Support at 112.50---110 and Resistance at 117.50
Traders can trade in a range with strict stop loss and wait
for confirmation.
Anything seems will update.
Aluminum
Told to sell below 108 and then below 107.40. Crashed and
made a low of 105.50
Now what to expect???
Two consecutive closes below 105.50 will see free fall in
Aluminium till 102---100.50 mark in days to come
Hurdle intact at 108---110
Traders can trade with level only... More will update!!
Crude Oil
Below 2880... our target was 2930---2880. It made a
low of 2901 and now trading around 2950
Now what to expect???
Support at 2930 and Resistance at 3000
Close below 2930 will take to 2880---2850 and then to 2780
mark else it could test its resistance level of 3000 and then to 3050---3080
mark
Two consecutive closes above 3080 will see further upside
rally till ???
Trade with levels only.
More will be update soon!!
