Zinc
We recommended selling around 159.50---159.80. Just made a low of 157.70.
Now what to expect???
Support at 157 and Resistance at 160
Two consecutive closes below 157 will take to 154---151 mark in days to come else it could test its resistance level of 160.00 again
Further upside rally will see only close above 160.00
Further upside rally will see only close above 160.00
Lead
Support at 137 and Resistance at 140
Two consecutive closes below 137 will take to 134---131 mark in days to come
Hurdle intact at 140
Aluminium
Support at 110 and Resistance at 111.50
Two consecutive closes below 110 will take to 107---104.50 mark in days to come else it could test its resistance level of 111.50 again
Further upside rally will see only close above 111.50
Trade with levels only
Copper
Yesterday we recommended selling in Copper around 324---324.50. Just made a low of 321.55
Our downside target intact 319---316
Revise stop loss of 324
Nickel
Not able to breach its resistance level of 720 and crashed vertically to 667.60
Now what to expect???
Support at 665---650 and Resistance at 685
Traders can trade in a range with strict stop loss and wait for confirmation
