Copper
Support at 293---289 and Resistance at 298
Still looks weak and could test its support. Two consecutive
closes below 289 will see further downside panic till 281---276 mark. Further
downside panic till see only weekly close below 270 mark
Revise stop loss above 298 on closing basis. Others can
trade with levels only.
Nickel
Close below 551 will take to 542---529. Three consecutive
closes + weekly close below 529 will see sharp downside panic till 506---486
mark in days to come
Else it could test its resistance level of 585 mark
Further upside rally seen only weekly close above 585 level
Trade with levels only.
Lead
Support at 107 and Resistance at 108.50
Two consecutive closes below 107 will take to 106---105 mark
in days to come else it could test its resistance level of 108.50 mark
Maintain stop loss above 108.50 on closing basis.
Zinc
Just made a low of 97.25. Below 98.50... our
target was 97.00---96.00
Book part profit and revise stop loss above 98.50 on closing
basis.
Aluminium
Support at 97.50 and Resistance at 99.50
Either side break or close with volume will decide further.
Till then traders can trade in a range with strict stop loss and wait for
confirmation.
