Zinc
Zinc.... Support at 195 and resistance at 198.50
Break and close above 198.50 will take to 202---204.50. Further upside rally will see only weekly close above 204.50 else it could test its support level of 195 again.
Break and close below 195 will see sharp downside panic till 191---188 mark.
Trade in a range with levels only
Lead
Support at 161 and resistance at 164---165.50.
Either side break or close with volume will decide further. Till then trade in a range with strict stop loss and wait for confirmation.
Nickel
Support at 710 and resistance at 725
Close above 725 will take to 740---755+++ mark else it could test its support level of 710 again.
Further downside panic will see only close below 710 mark.
Decisive close below 710 with volume will take to 695---688 and then to 680 mark
Trade with levels only
Copper
Support at 409 and resistance at 415
If unable to breach its resistance level if 415 then we can expect sharp downside panic in it and can touch its support level of 409 and then to 404---400 again.
Fresh buying can be initiated only above 415.00 mark.
More will update soon!!
