Today, we have seen positive momentum in base metals but be
cautious at upper levels as overall trend looks weak
Have a look on it!!
Copper
Support at 339 and Resistance at 346.50
Two consecutive closes below 339 will take to 334---331 and
then to 326 mark in days to come else it could test its resistance level of
346.50 and then to 349---352 again
Further upside rally seen only close above 352 mark
Trade with levels only
Zinc
Support at 112 and Resistance at 115.50
Close below 112 will see further panic till 108.50--107 mark
in days to come else it could test its resistance level of 115.50 again
Further upside rally seen only close above 115.50 mark
Trade with levels only
Lead
Support at 112 and Resistance at 114.50---116
Two consecutive closes below 112 will take to 108---106.50
and then to 103 mark in days to come else it could test its resistance level of
114.50---116 mark again
Further upside rally seen only close above 116.00 mark
Trade with levels only
Aluminium
Crashed vertically and made a low of 93.85. We
recommended selling below 99.40 mark and now trading around 95.50
Now what to expect???
Now fresh selling can initiate only close below 93.80 mark
else it could test its resistance level of 97---99.50 again
Trade safely 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!!
