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Monday, February 27, 2017

Update on Basemetals 27 Feb 2017





Nickel 



Support at 715 and resistance 740

Looks positive and could touch its resistance level of 745

Three consecutive close above 745 will take it to 790---820+++ mark in days to come else could test its support level of 715 again.

Further downside panic will see on close below 715 mark.


Lead 





Support at 148 and Resistance at 154.50

Looks weak and could touch its support level of 148.  Break and close below 148 will take it to 145—142 and then to 138 mark in days to come else could touch its resistance level of 154.50 again

Trade with levels only.



Zinc




Support at 186 and resistance at 190.

Close above 190 will take to 193---194.50+++ mark else it could test it's support level of 186 again.

Close below 186 will see more downside panic in it.
Trade with levels only.



Aluminium






Support at 123.50 and resistance 126.00

Close above 126 will take to 129---130.50+++ mark.

Fresh selling can initiate only close below 123.50.

Trade with levels only.














More will update soon!!