Update on Base Metals (26th Sep 2017)
Copper
Support at 417 and Resistance at 427
Break and close above 427 will take to 439---445+++ mark in days to come
Support and stop loss intact below 417 on closing basis
Trade with levels only.
Nickel
Support is 670 and Resistance at 700.
Break and close above 700 will take it to 725—740 mark else it could touch its support level of 670 again
Fresh selling can be initiated only below 670 mark.
Trade with levels only.
Lead
Our buy call from 153 -- 162 proven great and made a high of 163.55 yesterday.
Now what to expect??
Support at 160 and Resistance at 164.
Break and close above 164 will take it to 168---171+++ mark in near term else it could touch its support level of 160 again.
Fresh selling can be initiated below 160 mark
Any reversal seems will update.
Zinc
Our buy call from 203—206 proven great and made a high of 207.30 today.
Now what to expect??
Support seen at 204 and Resistance is at 207
Close above 207 with volume will take it to 210---213 and then 216++ mark in near term.
Fresh selling can be initiated only close below 204
Trade with levels only.
Aluminium
Support at 138 and resistance is 142
Stainable move above 142 will take it to 145—148+++ mark in near term.
Fresh selling can be initiated only on close below 138.
Trade with levels only.
More will update soon !!
