OUR NEW WEBSITE IS COMING UP SOON. KEEP VISITING THIS PAGE FOR MORE UPDATES. ----- JOIN OUR WhatsApp BROADCAST LIST, GIVE MISSED CALL ON 08893534646

Friday, November 27, 2015

Update on Basemetals and Energy 27 Nov 2015







Copper




Support at 304.50 and Resistance at 308---311

Close below 304.50 will take to 299---296 and then to 293 mark in days to come

Major support at 289

Else it could test its resistance level of 308---311 again

Two consecutive closes + weekly close above 311 will take to 316----321+ mark

Traders can trade with levels only






Nickel




Close below 600 will take to 570---555 mark again. Further panic seen only close below 540 mark

Hurdle intact at 618---625

Further upside rally seen only weekly close above 625 mark

Traders can trade with levels only







Crude oil



Support at 2800 and Resistance at 2860---2920

Close below 2800 will take to 2755---2710 mark else it could test its resistance level of 2860---2920 again

Further upside rally seen only close above 2920 mark

Traders can trade with levels only.







More will be update soon!!