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Friday, June 3, 2016

Update on Base Metal 03 June 2016





Zinc 

   
Rally continued and made a high of 134.85. We are holding long from 131 mark. Too told in morning to revise stop loss of 131.50 when trading around 132.50

Now what to expect???

Support at 132 and Resistance at 135

Weekly close above 135 will take 138---140+ mark in days to come

Revise stop loss of 132




Copper



Told to buy Copper above 312. Just made a high of 313.90

Now what to expect???

Still looks positive and could test 315---318 mark. Three consecutive closes + weekly close above 318 will see sharp upside rally in it.

Support at 308---305.50

Fresh selling can initiate only weekly close below 305.50 mark

Trade with levels only





Nickel


Support at 566 and Resistance at 576

Close above 576 will take to 586---592 and then to 600 mark

Immediate support at 566






Aluminium



Support at 102.00 and Resistance at 106.50

Either side break or close with volume will decide further... Till then traders can trade in a range with strict stop loss and wait for confirmation

Anything seems will update via SMS




Lead


Support at 115---113.50 and Resistance at 118

Either side break or close with volume will decide further... Till then traders can trade in a range with strict stop loss and wait for confirmation

Soon we will recover your Lead stop loss


















 More will update soon!!