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Monday, December 19, 2016

Update on Basemetals levels of the day 19 Dec 2016






Copper


Copper... Support at 380 and resistance at 387.

Close below 380 will take to 373---368 mark else it could test 
it's resistance level of 387 again

Further upside rally will see only close above 387 mark






Nickel


Nickel... Below 760 our target intact 740---730. Further

 downside panic will see only close below 730 mark. 

Immediate hurdle at 760





Zinc


Close below 178.00 will take to 174---171 mark.

Hurdle at 184.00






Aluminium


Support at 115 and resistance at 117.50. 

Looks weak and could test its support level of 115.00. 

Further downside panic will see only close below 115.00 

mark else it could test its resistance level of 117.50 again

Further upside rally will see only close above 117.50 mark.




Lead


Below 153... Our target intact 148---145 mark.

Revise stop loss of 152.00


Trade with levels only.





                       
More will update soon!!