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Tuesday, May 23, 2017

Update in Base Metals







Lead 







Hurdle at 137. Close above 137 will take it to 140---143+++ mark in days to come.

Support intact at 134.00


Zinc






Above 172…. Rally remain continue till 175—178 and then to 181+++ mark in days to come else could touch its support level of 169 again.

Fresh selling can be initiated below 169.00




Aluminium




Support at 124 and resistance at 126.00

Close above 126 will take it to 128—130.00 mark in days to come else could test its support level of 124 again

Further downside panic will see only below 124.00 mark



Nickel



Support at 580 and resistance at 610

Break and sustain above 610 will take it 625--630+ and then to 640++ mark in days to come else could test its support level of 580

Looks weak only below 580
















More will update soon!!