Update on Base Metals (28th December 2017)
Copper
Our buy call from 432---467 has proven great.
Now what to expect?
Support at 458 and Resistance at 468.
Looks positive on chart. Break and close below 468 will take it towards 474—485 and then 492 ++ mark else could touch its resistance level of 458 mark.
Fresh selling can be initiated only on close below 458 mark.
Trade with levels only.
Nickel
Support seen at 740 and Resistance at 780.
Rally likely to continue. Break and sustain above 780 will take it towards 796—820 and then 845++ mark in near term else could touch its support level of 740.
Buy and accumulate more on decline.
Fresh selling can be initiated only on weekly close below 740 mark.
Trade with levels only.
Lead
Support seen at 159 and Resistance at 163
Looks positive on chart. Break and close above 163 will take it towards 167—169.5 and then 172++ mark.
Fresh selling can be initiated on close below 159 mark.
Trade with levels only.
Zinc
Our buy call from 205—210 has proven great.
Now what to expect?
Support seen at 208 and Resistance is at 212
Rally likely to continue till 212. Break and close above 212 will take it towards 215.5—218 and then 224++ mark in near term.
Fresh selling can be initiated only close above 208 mark.
Trade with levels only.
Aluminium
Our buy call from 132—144 has proven great.
Now what to expect?
Support at 138 and resistance is 144
Rally likely to continue. Break and close above 144 will take it towards 148—152 and then 157++ mark in near term else could touch its support of 138.
Fresh selling can be initiated only on close below 138 mark.
Trade with levels only. Any reversal seems will update
More will update soon!!!
