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Friday, June 2, 2017

Update on Basemetals Levels for the day 02 June 2017





Copper 




Support at 365 and resistance is 370

Weekly close below 365 will take it to 356—352 and then 345 mark in days to come else could touch its resistance level of 370.

Fresh buying can be initiated above 370 mark.





Nickel 




Support at 565 and resistance 590

Weekly close below 565 will see more downside panic till 540---525 mark else could test its resistance level of 590

Fresh buying can be initiated above 590.

Trade with levels only.





Lead 





Support at 135 and Resistance at 137.20

Trend looks weak and weekly close below 135 will take it to 132—130 mark in days to come

Fresh buying can be initiated above 137.20





Zinc





Not able to breach 168.50 and slipped again. 

Below 165 panic remain continue till 162---159 mark. 

Weekly close below 159.00 will see sharp downside fall in it. 

Hurdle intact at 168.50







Aluminium





Support at 123.50 and resistance is 125.50

Weekly close below 123.50 will take it to 122---120.50 mark else could touch its resistance level of 125.50 again.

Trade with levels only. Anything seems will update.














More will be update soon!!