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Friday, March 4, 2016

Update on Basemetals and Energy 04 Mar 2016





Our serious blog and app followers minting money from all corners ....!! (How ??) Just look at our previous Metal and Energy updates !!


Now what next ?? 






Copper






 We boldly written that above 324 we will see non stop rally in Copper till 340---355 mark. Just made a high of 336.10


Now what to expect???


Above 337... we will see further upside rally till 341---344 and then to 349---355+ mark in days to come


In panic will buy... Revise stop loss below 329 on closing basis









Nickel




Rally continue and made a high of 612. We sent message to buy around 600---598


Now what to expect???


Three consecutive closes + weekly close above 600 will see sharp upside rally in Nickel till 625---640 and then to 690+ mark in days to come


Fresh selling can initiate only weekly close below 570 mark


Trade with levels only










Lead




Clearly indicated that above 121.50 we will see rally in Lead till 124---125.50. Just made a high of 124.10


Now what to do???


Still looks positive and could test its resistance level of 125.50. Three consecutive closes + weekly close above 125.50 will see sharp upside rally in Lead till 128---130.50+ mark in days to come


Revise stop loss of 122.00 on closing basis












Zinc






Told that above 122.60 we will see rally till 124---125.50. Just made a high of 124


Now what to expect???


Still looks positive and could test its resistance level of 125.50 mark. Three consecutive closes + weekly close above 125.50 will see sharp upside rally till 129---132+ mark in days to come


Revise stop loss of 122.00












Crude oil




Support at 2280 and Resistance at 2400


Two consecutive closes above 2400 will see further upside rally till 2480---2530+ mark in days to come


Fresh selling can initiate only close below 2280 mark


Close below 2280 will see further downside panic till 2210---2160 and then to 2100 mark


Trade with levels only












Natural Gas






Below 121... our target was 118---114---110. Just made a low of 109.50



Now what to expect???



Weekly close below 108.50 will take to 104---102.50 and then to 96.00 mark in days to come


Revise stop loss above 115.00 on closing basis















More will be update soon!!