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

Thursday, January 14, 2016

Update on Basemetals and Energy 14 Jan 2016






Copper




Support at 289 and Resistance at 296

Close above 296 will take to 303---308+ mark in days to come else it could test its support level of 289 again


Further downside panic will see only weekly close below 289 mark

Traders can trade with levels only.






Nickel




Support at 530 and Resistance at 560


Two consecutive closes above 560 will take to 600---610 and then to 625+ mark in days to come else it could test its support level of 530 again


Further downside panic will see only close below 530 level only.





Lead




Support at 106.50 and Resistance at 111


Either side break or close with volume will decide further.. Till then traders can trade in a range with levels only and wait for confirmation


Anything seems will update via App.






Zinc




Support at 97.80---96.50 and Resistance at 100.50


Close above 100.50 will take to 102---103+ mark in days to come else it could test its support level of 97.80---96.50 mark


Further downside panic will see only close below 96.50 level only.







Aluminium





Not able to breach its support level of 97.50 and bounced back again to 99.80


Now what to expect???


Close above 100.50 will see further upside rally till 102---103 mark

Fresh selling can initiate only close below 97.50 level only.







Crude oil




Told you to buy Crude oil around 2025 mark. Our buy call initiated day before yesterday. Once we booked part profit in Crude oil around 2115 too

Now what to expect???

Still we are holding long as bottom fisher will grabbed the opportunity. Just trade with strict stop loss and levels only

Any reversal seems will update via App.








Natural Gas




Told you that below 159... looks weak and could test 154---151. Just made a low of 151.70


Now what to expect???


Close below 151.... will take to 147---143 mark

Revise stop loss of 156.









More will be update soon only thru our Android App.