Copper
As expected, our sell call of copper from 441--418 proven great.
Now what to expect???
We will take cautionary approach at lower level .Prices likely to trade in a range of 417—426.
Break and close below 417 will take it towards 413—408 and 401 mark in near term else sharp recovery can be seen from here till 426 mark.
Trade with levels only.
Nickel
As expected, our sell call from 760---706 proven great.
Now what to expect???
Support is 705 and Resistance at 720
Break and close below 705 will take it to 692—680 mark else it could touch its resistance level of 720 again.
Fresh buying can be initiated only above 720 mark.
Trade with levels only.
Lead
Support at 145 and Resistance at 150
Sharp recovery seen in prices and likely to touch 150 mark. Break and close above 150 will take it to 154---157 and then 162 mark in near term else it could touch its support level of 145 again.
Fresh selling can be initiated below 145 mark
Zinc
Support seen at 192 and Resistance is at 196.
If prices unable to breach its key support of 192 then we can see a sharp recovery in it till 196 mark. Break and close above 196 will take it to 199—201 and then 206 mark in near term.
Fresh selling can be initiated only close below 192 only.
Aluminium
Support at 132.00 and resistance is 136.50
If prices unable to sustain below 132 then we can see a sharp recovery from current level towards 136.50 mark. Stainable move above 136.50 will begin a new era of bullish path in it.
Fresh selling can be initiated only on close below 132.
Trade with levels only. Any reversal seems will update
More will update soon!!
