COPPER,LEAD,ZINC,NICKEL,ALUMINUM,BRASS WEEKLY TARGETS FOR 11 APR TO 15 APR 2022
by admin- Saturday, April 9th, 2022 09:23:23 AM
COPPER RANGE 790/845
SENTIMENT RISKY RANGE BOUND MILD POSITIVE
LEVEL 1 – BUY COPPER APR ABOVE 820 TGTS 824/29 SL 817 RES 830 THEN 845
LEVEL 2 – SELL COPPER BELOW 817 TGTS 813/08 SL 820 SUP 805 THEN 790
NICKEL RANGE 1800/3200
SENTIMENT BOUND TO POSITIVE VOLATILITY
LEVEL 1 – BUY NICKEL APR ABOVE 2500 TGTS 2700/900 SL 2400 RES 2900 IF BREAKS SUSTAINS THEN 3200
LEVEL 2 – SELL NICKEL BELOW 2400 TGTS 2200/000 SL 2500 IMP 1ST SUP 2200 IF SAVES REVERSE ELSE 1800 N IMP.
ZINC RANGE 348/375
RANGE BOUND TO RECOVERY
LEVEL 1 – BUY ZINC APR ABOVE 360 TGTS 362/65 SL 359 RES 365 BREAKING SUSTAIN UP 375
LEVEL 2 – SELL ZINC BELOW 359 TGTS 357/55 SL 360 SUP 355 IMP 1ST THEN 348 REVERSE SL 347 RISKY
LEAD RANGE 180/194
STEADY TRADES EXPECTED
LEVEL 1 – BUY LEAD RISKY APR ABOVE 186 TGTS 187/89 SL 185.40 IF BREAKS 189 THEN 193 RES REVERSE SL 193.60
LEVEL 2 – SELL LEAD BELOW 185 TGTS 184/82 SL 185.60 SUP 182 1ST REVERSE THEN 180 SL 179.50 REVERSE
ALUMIN RANGE 260/295
RANGE BOUND TO UPPER TEST
LEVEL 1 – BUY APR ABOVE ALUMIN 277 TGTS 279/83 SL 276 RES 285 THEN 295
LEVEL 2 – SELL ALUMIN BELOW 276 TGTS 274/71 SL 277 SUP 270 THEN 260