COPPER,LEAD,ZINC,NICKEL,ALUMINUM,BRASS WEEKLY TARGETS FOR 22 NOV TO 26 NOV 2021
by admin- Saturday, November 20th, 2021 09:16:46 AM
COPPER RANGE 705/760
SENTIMENT RISKY RANGE BOUND
LEVEL 1 – BUY COPPER NOV ABOVE 736 TGTS 740/45 SL 734 RES 747 BREAKING SUSTAIN ONLY CARRY TO 760
LEVEL 2 – SELL COPPER BELOW 732 TGTS 728/22 SL 734 SUP 720 THEN 705
NICKEL RANGE 1460/1600
SENTIMENT BOUND TO POSITIVE VOLATILITY
LEVEL 1 – BUY NICKEL NOV ABOVE 1530 TGTS 1540/60 SL 1525 RES 1560 IF BREAKS SUSTAINS THEN 1600
LEVEL 2 – SELL NICKEL BELOW 1525 TGTS 1515/00 SL 1530 IMP 1ST SUP 1495 IF SAVES REVERSE ELSE 1465 SL 1462
ZINC RANGE 245/285
RANGE BOUND TO RECOVERY DOWN BUT LEVEL BREAKING IMP. FOR NEXT MOVES
LEVEL 1 – BUY ZINC NOV ABOVE 267 TGTS 269/71 SL 266 RES 272 BREAKING SUSTAIN UP 285
LEVEL 2 – SELL ZINC BELOW 266 TGTS 264/62 SL 267 SUPPORT 256 THEN 245 REVERSE SL 244
LEAD RANGE 178/195
STEADY TRADES EXPECTED
LEVEL 1 – BUY LEAD RISKY NOV ABOVE 187 TGTS 189/91 SL 186 IF BREAKS 192 THEN 196 RES REVERSE SL 196.60
LEVEL 2 – SELL LEAD BELOW 186 TGTS 184/82 SL 186.60 SUP 182 1ST REVERSE THEN 178 SL 177.50 REVERSE
ALUMIN RANGE 205/220
RANGE BOUND TO RECOVERY
LEVEL 1 – BUY NOV ALUMIN 213 TGTS 215/17 SL 212
LEVEL 2 – SELL ALUMIN BELOW 212 TGTS 210/08 SL 212.60 ON DROP BUY 205 WITH SL BELOW 204.40