Daily we are recommending not to buy base metal at all as
overall trend looks highly week on charts. Look what happen to it. All crashed
vertically. Still trend looks weak and has no charm at upper levels... Sell
with stop loss or wait for reversal, All depends on you.........
Have a look on it!!
Copper
Yesterday... we clearly indicated that Copper has support at
339. Crashed and made a low of 332.70
Now what to expect???
Support at 332 and Resistance at 339
Close below 332 will take to 327---324 mark. Three
consecutive closes + weekly close below 324 will see free fall in Copper else
it could test its resistance level of 339 again
Traders can trade with levels only
Nickel
Told to sell around 650 with stop loss of 660. Holding short
from 674 mark. Just made a low of 640
Now what to expect???
Support at 635 and Resistance at 655
Close below 635 will take to 620---610 and then to 570 mark
in days to come else it could test its resistance level of 655 again
Traders holding short as per our level can revise stop loss
above 655 on closing basis
Lead
Told to sell around 110. Just made a low of 109.15 and now
trading around 109.50
Now what to expect???
Close below 108.80 will see further panic till
107.50---106.00 mark in days to come
Revise stop loss above 110.50 on closing basis
Zinc
Panic continues and made a low of 108.50. Told to sell below
110 mark
Now what to expect???
Close below 108.50 will take to 107.00---106.00 mark in days
to come
Revise stop loss above 110 on closing basis.
More will be update soon!!
