COPPER,LEAD,ZINC,NICKEL,ALUMINUM,BRASS WEEKLY TARGETS FOR 06 NOV TO 10 NOV 2023
by admin- Saturday, November 4th, 2023 09:10:02 AM
COPPER RANGE 674/750
SENTIMENT RISKY RANGE
LEVEL 1 – BUY COPPER NOV ABOVE 710 RISKY TGTS 714/19 SL 707 RES 730 IMP THEN 750
LEVEL 2 – SELL COPPER BELOW 707 TGTS 703/698 SL 710 SUP 690 VERY IMP. THEN 674 REVERSE
ZINC RANGE 208/240
RANGE BOUND TO RECOVERY
LEVEL 1 – BUY ZINC NOV ABOVE 224 TGTS 226/28 SL 223 RES 232 BREAKING SUSTAIN UP 240
LEVEL 2 – SELL ZINC BELOW 223 TGTS 221/19 SL 224 SUP 216 IMP REVERSE 1ST THEN 208
LEAD RANGE 180/192
STEADY TRADES EXPECTED
LEVEL 1 – BUY LEAD NOV ABOVE 186 TGTS 187/89 SL 185.40 IF BREAKS 189 THEN 192 RES REVERSE SL 192.50
LEVEL 2 – SELL LEAD BELOW 185 TGTS 184/82 SL 185.60 SUP 182 1ST REVERSE THEN 180 SL 179.50 REVERSE
ALUMIN RANGE 193/221
RANGE BOUND SIDEWAYS
LEVEL 1 – BUY NOV ABOVE ALUMIN 207 TGTS 209/11 SL 206 RES 214 THEN 221
LEVEL 2 – SELL ALUMIN BELOW 206 TGTS 204/202 SL 207 SUP 198 THEN 193
CRUDE RANGE 6000/7300
EXPECTED VOLATILITY
LEVEL 1 – CRUDE NOV BUY RISKY ABOVE 6720 SUSTAIN TGTS 6770/6820 SL 6680 RES 7000 IMP 1ST THEN 7300
LEVEL 2 – CRUDE BELOW 6680 SELL TGTS 6630/6580 SL 6720 SUP 6300 IMP THEN 6000 SUP RISKY SL 5970