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Friday, November 20, 2015

Update on Basemetals and Energy 20 Nov 2015









Copper



Close above 305 will take to 313---318+ mark in days to come

Fresh selling can initiate only close below 301 mark

Trade with levels only





Lead




Support at 105.00 and Resistance at 107.20

Two consecutive closes above 107.20 will take to 110---111+ mark in days to come

Fresh selling can initiate only close below 105 mark

Traders can trade with levels only






Zinc



Told to buy around 98.50. Just made a high of 103.65. 

Still trend looks positive and could test its resistance level of 105---107+ mark in days to come

Fresh selling can initiate only close below 100.50 mark

Trade with levels only





Crude Oil



Support at 2750 and Resistance at 2830

Looks positive and could test its resistance level of 2830. Once cross and sustain above 2830 will see further upside rally till 2880---2930+ mark in days to come

Fresh selling can initiate only close below 2750 mark

Close below 2750 will take to 2710---2670 and then to 2630 mark

Be cautious at lower levels... Any sharp panic will be buying opportunity in Crude oil


Trade with levels only.... Anything seems will update.







More will be update soon!!