Copper
Support at 334----329 and Resistance at 348---355
Close below 340 will take to 337---334 and then to 329 mark
else it could test its resistance level of 345----348 and then to 355 mark in
days to come
We will expect range bound trading in Copper for this week.
So traders can trade safely with levels only.
Crude oil
Told to buy on Thursday around 3010 and booked profit around
3085. Currently trading around 3000
Now what to expect???
Support at 2960 and Resistance at 3090---3130
It looks positive and could test its resistance level of 3090---3130
again. Three consecutive closes + weekly close above 3130 will see fire in
Crude oil till ???
Below 2960 will see panic till 2920---2880
Further panic seen only weekly close below 2880 mark.
Chances are unlikely to breach 2880 mark but trade safely with levels only.
More will be update soon!!
