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Tuesday, July 25, 2017

Update on Base Metals (25th July’2017)




Copper 


Support at 387 and resistance is 398.

Break and sustain above 398 with volume will take it to 403---409 mark else it could touch its support level of 387 again.

Fresh selling can be initiated below 387.

Trade with levels only.



Nickel 


Support at 605 and resistance 630.

 Sustainable move above 630 with volume will take it to 645---658 mark else it could touch its support level of 605.

Fresh selling can be initiated below 605.

Trade with levels only.


Lead 


Support at 143 and Resistance at 145.5.

Looks positive .Break and sustain above 145.5 with volume will take it to 146.80---148 mark else it could touch its support level of 143 again.

Fresh selling can be initiated below 143.

Trade with levels only. Any reversal seems will update



Zinc

Not able to sustained below 178 and rise again. 

Support at 178.20 and resistance is 181.50

Break and close above 181.50 will take it to 183.50---185.20 and then to 187 mark else it could touch its support level of 178.20 again.

Fresh selling can be initiated below 178.20.

Trade with levels only.


Aluminium


Support at 120 and resistance is 123.00

Break and close above 123.00 with volume will take it to 124.20---125.80 mark else it could touch its support level of 120.

Fresh selling can be initiated only below 120.

Trade with levels only. Any reversal seems will update











More will update soon!!