Base metal... Trend still looks positive but trade with levels only.
Lead
Lead has support at 156.00 and resistance at 160.50
Above 160.50 will take to 163----164.50. Further upside rally will see only close above 164.50.
Fresh selling can initiate only close below 156.00 mark
Zinc
Zinc has support at 188 and resistance at 191---194.
Looks positive and could test its resistance. Further upside rally will see only close above 194 mark else it could test its support level of 188 again.
Further downside panic will see only close below 188 mark.
Nickel
Support at 780 and resistance at 800.
Close above 800 will take to 825---840+++ mark else it could test its support level of 780 again.
Break and close below 780 will take to 762---755.
Trade with levels only.
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