Zinc
Support at 127.50 and Resistance at 130---131.50
It looks tired on daily chart and chances are bright for downside move but trade with levels only
Two consecutive closes below 127.50 will take to 123---121 and 115 mark in days to come else it could test its resistance level of 130---131.50 again
Traders remain cautious in Zinc at upper levels as we will expect sharp downside move in it
Lead
Support at 118 and Resistance at 120.50
Two consecutive closes below 118 will take to 114.50---111 mark in days to come else it could test its resistance level of 120.50 again
Further upside rally will see only weekly close above 120.50 mark but chances are unlikely to breach its resistance level of 120.50
Be cautious at upper levels on Lead too
Aluminium
Support at 108---106 and Resistance at 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
More will be update soon!!
