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Friday, May 19, 2017

Update on Base Metals






Copper 







Hurdle at 365, Break and close above 365 will take it to 376—382++ mark in days to come else could touch its support level of 356.00

Fresh selling can be initiated below 356.00




Nickel 






Support at 580 and resistance 605


Weekly close above 605 will take it to 620—650 and then 665+ mark in days to come else could test its support level of 580.


Further downside panic will see on close below 580.





Lead 







Support at 132 and Resistance at 135

 Break and close above 135 will take it 139—142+++mark in days to come else could touch its support level of 132 again.

Fresh selling can be initiated below 132




Zinc







Support at 161.00---159.00 and Resistance at 165.00

 Weekly close above 165 will take it to 171.00---174.00+++ mark in days to come else could touch its support level of 161.00---159.00 again.

Fresh selling can be initiated below 159.00 mark



Aluminium






Hurdle at 125.50. Break and close above 125.50 will take it to 128---130.50 and then to 133+++ mark in days to come else it could test its support level of 122.50 again

Trade with levels only.














More will update soon!!