Copper
Made a fresh low of 312.60. We recommended selling around
321 mark.
Now what to expect???
Three consecutive closes + weekly close below 324 will see
nonstop panic till 293---289 mark in days to come
Any sharp rise will be selling opportunity in Copper with
stop loss of 333 on closing basis
Nickel
Support at 618 and Resistance at 636
Two consecutive closes below 618 will take to 593---588 and
then to 576 mark in days to come else it could test its resistance level of 636
again
Further upside rally seen only close above 636 mark
Traders can trade with levels only
Lead
Told to sell Lead below 106 with stop loss of 107.20. Just
made a low of 104.85
Now what to expect???
Close below 104.50 will see further panic till 103---102
mark in days to come
Already booked part profit... Now revise stop loss at cost
to cost
Zinc
Panic continues and made a low of 104.60. We are
continuously recommended selling below 116 mark
Now what to expect???
Close below 104.50 will see further panic till 103---102
mark in days to come
Immediate hurdle at 107.20
Traders can trade safely with levels only and wait for
confirmation. Anything seems will update.
Crude Oil
On Friday...We recommended selling in Crude oil below 2750
and booked part profit around 2680. CMP 2740
Now what to expect???
Support at 2670 and resistance at 2750---2830
Above 2750... it could test 2780---2800---2830. Further
upside rally seen only close above 2830 mark else it could test its support
level of 2670 again
Close below 2670 will take to 2620---2580 and then to 2550
mark. 2550 act as major support for Crude oil
Traders can trade with levels only
Natural Gas
Not able to breach its support level of 144 and bounced back
sharply to 162 mark
Now what to expect???
Two consecutive closes above 159 will take to 169---173+
mark in days to come
Fresh selling can initiate only close below 154 mark
Trade with levels only.
More will be update soon!!
