Copper
Crashed and made a low of 293.50. Our ultimate target was
293---289
Now what to expect???
Close below 293 will take to 291---289. Two consecutive
closes below 289 will see further panic till 283---280 mark
Any sharp rise will be selling opportunity in Copper...
Hurdle at 300---308
Nickel
Crashed vertically and made a low of 548.30. Hit fresh 6
years low
Now what to expect???
Close below 548 will see further panic till 536---529. Three
consecutive closes + weekly close below 529 will see fall in Nickel till
490---460 mark in coming weeks
Trade safely with levels only
Lead
Looks extreme weak on charts... Three consecutive closes +
weekly close below 105.50 will see free fall in Lead till 97---94 mark in days
to come
Any sharp rise will be selling opportunity in Lead
Stop loss 108 on closing basis.
Aluminium
Two consecutive closes below 96.00 will take to 92---89 mark
in days to come
On rise sell it!! Stop loss above 98.50 on closing basis
Crude Oil
Support at 2710 and Resistance at 2755--2810
Close below 2710 will take to 2655---2620 and then to 2580
mark
2550 act as major support else it could test its resistance
level of 2755---2810 again
Further upside rally seen only close above 2810 mark
Traders can trade with levels only.
More will be update soon!!
