We clearly indicated that base metal if unable to breach
their support then it will take U- Turn
Have a look on it!!
Copper
Copper... Not able to breach its support level
of 334 and bounced back sharply to 345.50
Now what to expect???
Copper has support at 337---334 and Resistance at 345
Two consecutive closes above 345 will take to 351---355+
mark in days to come
Fresh selling can initiate only close below 334 mark
In panic will buy... Stop loss below 334 on closing basis.
Any thing seems will update via SMS
Zinc
Not able to breach its support level of 107.50 and bounced
back sharply to 113.15 mark. Our target was 112---113.50+ mark
Now what to expect???
Overall trend looks positive and could test its
resistance level of 113.50. Three consecutive closes + weekly close above
113.50 will see nonstop rally in Zinc till 118---121+ mark in days to come
Zinc is forming double bottom pattern on weekly chart having support at
108---105.
Trade safely with levels only
Lead
Told to buy above 109.20 but unfortunately today is a
gap up opening. Our target was 111----112.50. Just made a high of 111.60
Now what to expect???
Still looks positive and could test its resistance level of 112.50. Three
consecutive closes + weekly close above 112.50 will take to 117---118.50+
mark in days to come
Support intact at 108
Aluminium
Support at 99.00 and Resistance at 102.00
Two consecutive closes + weekly close above 102 will see non stop rally till
105---106.50+ mark in days to come else it could test its support level of
99.00
Further panic seen only weekly close below 99.00 mark
Trade with levels only
Nickel
Two consecutive closes above 660 will take to 680---690.
Three consecutive closes + weekly close above 690 will see fire in Nickel
Fresh selling can initiate only close below 640 mark
Trade with levels only
