Copper
Our buy call from 411 to 422 proven great and made a high 422.10 yesterday.
Now what to expect?
Support at 417 and resistance is 423.
If unable to breach its resistance level of 423 we can expect a downside correction in it.
Break and close below 417 will take it to 412--407 mark in near term else, could touch its resistance level of 423.
Fresh buying can be initiated above 423.
Trade with levels only.
Nickel
Support at 685 and resistance 705.
If unable to breach its resistance of 705 we can expect a downside correction in it.
Break and close below 685 will take to 664—652 mark in near term else, could touch its resistance level of 705 mark.
Fresh buying can be initiated above 705 mark.
Trade with levels only.
Lead
Support at 158 and Resistance at 161.50
Break and sustain above 161.50 with volume will take it to 164---167.50++ mark else it could touch its support level of 158.00 again.
Fresh selling can be initiated below 158.00 mark.
Trade with levels only. Any reversal seems will update
Zinc
Hurdle intact at 201.50. If unable to breach its resistance of 201.50 then we can see downside correction in it.
Break and close below 198 will see more downside panic till 195.50---194.00 mark in days to come.
Fresh buying can be initiated above 201.50 on closing basis
Trade with levels only.
Aluminium
Support at 132 and resistance is 134.50
Close above 134.50 with volume will take it to 137---139.50++ mark in near term else it could touch its support level of 132.00 again
Fresh selling can be initiated only below 132.00
Trade with levels only. Any reversal seems will update
More will update soon!!
