Base metal took their support level and bounce back. Recent
low is very crucial for base metal... Will base metal take U- Turn???
Have a look on it!!
Copper
Copper has support at 339 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 339 mark
Trade with levels only
Zinc
Took exact support level of 107.50 and bounced back sharply
and now trading around 109.75
Now what to expect???
Two consecutive closes above 110 will take to 112---113.50+
mark in days to come
Fresh selling can initiate only close below 107.50 mark
Lead
Support at 105 and Resistance at 108.50
Two consecutive closes above 108.50 will take to
111---112.50+ mark in days to come
In panic will buy.. Stop loss 105 on closing basis
Aluminium
Support at 100.20 and Resistance at 101.80
Close above 101.80 will take to 103---104.50+ mark in days
to come else it could test its support level of 100.20 and then to
99.80---99.40 again
Further panic will see only weekly close below 100.20 mark
Trade with levels only
Nickel
Support at 640 and Resistance at 660
Two consecutive closes above 660 will take to 680---690 and
then to 705+ mark in days to come
Fresh selling can initiate only close below 640 mark
Trade with levels only
More will be update soon!!
