Nickel
Support at 558 and resistance 587
Weekly close above 587 will see more upside till 604---625 mark else could test its support level of 558.
Fresh selling can be initiated below 558.
Trade with levels only.
Lead
Support at 135.5 and Resistance at 137.50
Close above 138 will take to 141---143 mark else it could test it’s support level of 135.50 again
Fresh selling can be initiated below 135.50.
Trade with levels only.
Zinc
Support at 164.50 and resistance is 168.00
Two consecutive closes + weekly close above 168 will take to 172---173.50 and then to 176+++ mark else it could test it’s support level of 164.50 again.
Fresh selling can be initiated below 164.50 mark
Aluminium
Support at 120 and resistance is 122
Weekly close below 120 will take it to 117---114 mark else could touch its resistance level of 122 again
Fresh buying can be initiated only above 122 mark
Trade with levels only.
More will update soon!!
