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Tuesday, July 4, 2017

Update on Base Metals (4th July’2017)




Copper 






Support at 385 and resistance is 391.

Break and sustain below 385 will take to 381.50---378 and then to 375 mark else it could test its resistance level of 391 again.

Fresh buying can be initiated above 391.

Trade with levels only.



Nickel 





Support at 595 and resistance 613.

Looks weak and close below 595 will see more downside till 586---578 mark else could touch its resistance level of 613.

Fresh buying can be initiated above 613.

Trade with levels only.


Lead 




Support at 149 and Resistance at 152.

Looks weak and sustain below 149 will take to 146.50---144.00 and then to 142.00 mark else it could touch its resistance level of 152 again

Fresh buying can be initiated above 152.

Trade with levels only. Any reversal seems will update



Zinc




Support at 180.50 and resistance is 183

Close below 180.50 will take to 178---176.5 and then to 174 mark else it could test it’s resistance level of 183 again.

Fresh buying can be initiated above 183.

Trade with levels only.


Aluminium




Support at 124 and resistance is 125.50

Close below 124 will take it to 122.50---121.00 mark else could touch its resistance level of 125.50.

Fresh buying can be initiated only above 125.50.

Trade with levels only. Any reversal seems will update















More will update soon!!