Don't jump to buy Bullion, Base Metal and Crude oil on positional basis. Traders remain cautious at upper levels
Watch carefully... What is going on!!
Crude oil
Our sell call in Crude oil proven great and made a low of 2996 and now trading around 3005
Now what to expect???
Below 3025... we will see downside panic till 2920---2850 and then to 2700 mark in days to come
Any sharp rise will be selling opportunity in Crude oil
Stop loss 3130
Copper
Support at 312 and Resistance at 321---327
Three consecutive closes + weekly close below 312 will take to 302---296 and then to 288 mark in days to come else it could test its resistance level of 318---321 and then to 327 mark but chances are unlikely to breach its resistance level of 327 in near terms
So be cautious at upper levels.... Anything seems will update
Nickel
Support at 650 and Resistance at 670---692
Three consecutive closes + weekly close below 650 will take to 610---585 and then to 560 mark in days to come else it could test its resistance level of 670---692 again
Further upside rally will see only above 692 mark
Trade with levels only
Aluminium
Support at 108 and Reistance at 111
Three consecutive closes + weekly close below 108 will take to 105---104 and then to 101 mark in days to come
Hurdle and stop loss intact 111
