Copper
We recommended BTST in copper on Friday at 308.50 with stop loss of 306.
We asked to book full profit at today around 313—313.50 and copper made high of 314.40.
Patience pays nothing else.
Now what to expect??
Copper has support at 306 and resistance at 314.
If closes above 314 will take it to 317—320 mark in days to come, else could test its support level of 306.
Copper is only weak below 306.
Lead
Support at 110 and resistance at 115
If closes below 110 it can touch 108—106 marks in days to come, else could test its resistance level of 115.
Further upside can rally can be seen if closes above 115.
Trades with level only.
Zinc
Yesterday we recommended to buy zinc around 122.60—122.40 with stop loss around 121
We asked to book full profit around 123.40—123.60
Zinc made high of 124.35.
Now what to expect??
Support at 122.00 and resistance at 125
Close below 122.00 will take it to 121—120 marks in days to come, else could test its resistance level of 125.
Further upside rally can be seen if closes above 125.00
Trade with level only.
Aluminium
Support at 102 and resistance 106
If closes above 106 will take it to 107—109 marks in days to come, else could test its support level of 102.
Panic in aluminium can be seen only below 102.
Trades with level only.
