Copper
Above 316... our target was 321---324. It made a high of 322.50 and slipped again to 317.20 mark
Now what to expect???
Support at 317 and Resistance at 320.50
Close below 317 will take to 313---310 and then to 306 mark in days to come else it could test its resistance level of 320.50 mark again
320.50---324 act as major hurdle area
Three consecutive closes + weekly close above 324 will see sharp upside rally in it
Trade with levels only
Nickel
Support at 585 and Resistance at 605
Close below 585 will take to 560---550 mark in days to come
else it could test its resistance level of 605 and then to 615--
-625+ mark in days to come
Trade with levels only
Lead
We revised stop loss of 119.50. Below that mark... It crashed vertically and made a low of 116.35 mark
Now what to expect???
Close below 116 will see further downside panic till 112---109 mark in days to come else it could test its resistance level of 118---120.50 mark again
Further upside rally seen only weekly close above 120.50 mark
Trade with levels only
Zinc
Made a high of 122.60 and now trading around 120
Now what to expect???
Two consecutive closes below 120 will take to 116---113 mark in days to come
Fresh buying can initiate only close above 122 mark
Trade with levels only
Aluminium
Told to buy around 106 and 107.80. It made a high of 109.50 and now trading around 108.20
Now what to expect???
Support at 107.50 and Resistance at 109.50
Decisive break and sustain + close below 107.50 will take to 105---104 mark in days to come
Further downside panic will see only weekly close below 104 mark else it could test its resistance level of 109.50 again
Further upside rally seen only close above 109.50 mark
More will be update soon during market hours only on Android App!!
