Copper
Told to buy Copper around 325 with stop loss below 321. Today again we recommended buying around 329. Just made a high of 333.35
Now what to expect???
Support at 328 and Resistance at 334
Two consecutive closes above 334 will see further upside rally till 339---342+ mark in days to come else it could test its support level of 328 again
Trade with levels only
Nickel
Support at 590 and Resistance at 640
If it unable to breach its support level of 590 then it could test its resistance level of 625---640 again
Three consecutive closes + weekly close above 640 will take to ???
Close below 590 will take to 570---555 again
Traders can trade with levels only and wait for confirmation.... Anything seems will update via App
Aluminium
Not able to breach its support level of 108 and bounced back to 111.50 again. We recommended buying above 110.50
Now what to expect???
Two consecutive closes above 110.50 will take to 113---114.50+ mark in days to come
Fresh selling can initiate only close below 108.00 mark
Trade with levels only
Crude Oil
Above 3030.... our target was 3090---3150. Just made a high of 3101
Now what to expect???
Support at 3060 and Resistance at 3120---3150
Those are holding long as per our level can book part profit and wait for fresh entry. We will not initiate any call right now as market is not in a condition to trade
Anything seems will update
Natural Gas
Support at 135 and Resistance at 141---148
Either side break or close with volume will decide further.... Till then traders can trade safely with levels only and wait for confirmation
Anything seems will update via App
Traders remain cautious in metal segment due to ahead of expiry. We will expect high volatility in it.
More will be update soon!!
