Copper
Copper unable to breach its resistance level of
352 and slipped to 339.25 mark
Now what to expect???
Support at 339 and Resistance at 343
Two consecutive closes below 339 will take to 335---332 and
then to 328 mark in days to come else it could test its resistance level of 343
and then to 346---349---352 again
Further upside rally seen only close above 352 mark
Trade with levels only
Zinc
Panic continues and made a fresh low of 113.50. We are
holding short from 116.40 mark
Now what to expect???
Close below 113.50 will see further panic till 112---110.50
mark in days to come
Revise stop loss of 115 on closing basis
Lead
Told to sell Lead below 115.50 mark. Slipped and
made a low of 114.30
Now what to expect???
Two consecutive closes below 115.50 will take to 113---112
and then to 110 mark in days to come
Revise stop loss of 116.00 on closing basis
Aluminium
Panic continues and made a low of 96.95. We
recommended selling below 99.40 mark
Now what to expect???
Support at 96.50 and Resistance at 99.50
Three consecutive closes + weekly close below 96.50 will see
further panic till 93.00---92.00 and then to 89.00 mark in days to come
Trade with levels only
Nickel
Support at 670 and Resistance at 700
Two consecutive closes below 670 will take to 640---625 and
then to 610 mark in days to come else it could test its resistance level of 700
again
Further upside rally seen only close above 700 mark
More will be update soon!!
