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Wednesday, September 16, 2015

Update on Base metals and Energy 16 Sep 2015





Copper



Support at 358 and Resistance at 364---369


Either side break or close with volume will decide further... So traders can trade in a range with strict stop loss and wait for confirmation


Any thing seems will update.







Nickel



Told to buy around 670. Booked part profit around 680. 


Now... 690 act as hurdle at 655---640 act as support in Nickel. Three consecutive closes + weekly close above 690 will see further upside rally till 720---750+ mark in days to come


Trade with levels only







Crude Oil



Decisive break and sustain above 3030 will take to 3080---3120 and then to 3180+ mark in days to come else it could test its support level of 2955----2920 again


Further panic will expect only close below 2880 mark


Trade with levels only.



More will update soon!!