Update on Base Metals (15th Feb 2018)
Copper
Support at 450 and Resistance at 461.
Looks positive on chart. Break and sustain above 461 will see sharp upside rally towards 468—475 and then 488++mark.
Fresh selling can be initiated only on close below 450 mark.
Trade with levels only.
Nickel
Support is 870 and Resistance is 920
Buy and accumulate more on decline. Break and sustain above 920 will take it to 945--960+++ mark in days to come else could touch its support level of 870.
Fresh selling can be initiated only on close below 870 mark.
Trade with levels only.
Lead
Support seen at 163 and Resistance at 168
Break and close above 168 will take it 171—174 and then to 180++ mark else could touch its support level of 163.
Fresh selling can be initiated below 163 mark.
Trade with levels only.
Zinc
Support 226 and Resistance at 231
Break and sustain above 231 will take it to 234—237 and then 241+++ mark else could touch its support level of 226.
Fresh selling can be initiated below 226.
Trade with levels only.
Aluminium
Support at 135.50 and resistance is 141
Looks positive on chart. Buy and accumulate more on decline till 135.50. Break and sustain above 141 will take it towards 144—147 and then 152++ mark in near term.
Fresh selling can be initiated below 135.50 mark.
Trade with levels only.
More Will Update Soon!!!!
