Copper
Told to buy around 311 with stop loss below 307.50.Booked
full profit around 317
Now what to expect???
Support at 315 and Resistance at 318.50
Close below 315 will take to 312---310 and then to 307 mark
again else it could test its resistance level of 318.50 again
Close above 318 will take to 321---324. 324 act as
major hurdle in Copper. Three consecutive closes + weekly close above 324 will
take to ???
Trade with levels only
Zinc
Told to buy around 102.50. Just made a high of 106.50.
Now what to expect???
Three consecutive closes + weekly close above 105 will
see nonstop rally in Zinc till 109--112+ mark in days to come
Revise stop loss below 104.20 on closing basis
Nickel
Support at 555 and resistance at 576
Two consecutive closes above 576 will see
further upside rally till 593---600+ mark in days to come
Fresh selling can initiate only close below 555 mark
Trade with levels only
Aluminium
Support at 98.50 and Resistance at 102
Two consecutive closes above 102 will see upside rally till
104---105.50+ mark in days to come
Fresh selling can initiate only close below 98.50 mark
Trade with levels only
Crude Oil
Support at 2440 and Resistance at 2540
Two consecutive closes below 2440 will take to 2400---2360
and then to 2300 mark else it could test its resistance level of 2500---2540
again
Further upside rally seen only close above 2540 mark
Trade with levels only
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