Zinc
Clearly indicated to sell Zinc around 127.50---127.80. It crashed and made a low of 123.20. We booked full profit
Now what to expect???
Support at 122.50---121.00 and Resistance at 127.00
Three consecutive closes + weekly close below 121.00 will see free fall in days to come else it could test its resistance level of 127 again
Further upside rally will see only close above 127.00 mark
Trade with levels only
Lead
Clearly indicated that Lead will not breach 120.60 and could test 116---115 mark. It made a low of 115.50
Now what to expect???
Two consecutive closes below 116 will take to 112---108 mark in days to come else it could test its resistance level of 118.50 again
Further upside rally will see only weekly close above 118.50 mark
Trade with levels only
Aluminium
Support at 106 and Resistance at 108----112
Either side break or close with volume will decide further... Till then traders can trade in a rage with levels only and wait for confirmation
