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Wednesday, January 27, 2016

Update on Base metals and Energy 27 Jan 2016






Copper




Two consecutive closes above 306 will see rally till 313---318+ mark in days to come

In panic will buy... Support and stop loss below 300 on closing basis







Zinc





Breached its resistance level of 104.50 mark and now trading around 108.00

Three consecutive closes + weekly close above 104.00 will see non stop rally till 113---118+ mark in days to come

Fresh selling can initiate only close below 102.50 mark

Any sharp panic will be buying opportunity in Zinc but trade with levels only. Any reversal seems will update via App






Nickel





Support at 575 and Resistance at 600

Two consecutive closes above 600 will take to 618---625+ mark in days to come

Fresh selling can initiate only close below 575 mark

Trade with levels only









Crude oil 




Support at 2070 and Resistance at 2170

Close below 2070 will take to 2025---1980 and then to 1900 mark again else it could test its resistance level of 2170

Close above 2170 will take to 2230---2280 and then to 2350+ mark in days to come

Trade with levels only.









More will be update soon during market hours only on our Android App.