From the fall in October-2011 Metals recovered more than 60% of the fall in just 6 weeks by now. 5 to 10% more from the current prices will take metals to new highs. But facing resistance at the current levels. Let’s discuss more about the trading levels of Copper, Zinc, Lead, Nickel.
Copper
Copper facing good resistance at 415 levels and key support at 390 levels.
Trading Levels Copper – 390 – 406 – 415 – 422 – 428
Zinc
Zinc facing tough resistance at 105 levels. It has good support at 98 on the downside.
Trading Levels Zinc – 98 – 100 – 106 – 110 – 114
Lead
Lead will play in the range between 108 and 114 few more days.
Trading Levels Lead – 104 – 107 -110 -114
Nickel
Nickel has good resistance at 990 levels. But 970 itself is a good break through upside.
Trading Levels Nickel – 938 – 962 – 974 – 995
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kindly give trading levels of NGas for week 12th december.
Natural Gas is in critical do or die zone. 170 is the major support. Close above 180 is imp for any upmove. 185 small hurdle.
Trading levels – 170 – 173.5 – 178 – 180.5
It is in short on rise mood as of now. even the indicators showing negative cross over.
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