Copper: Copper prices traded downside during the day, but moved higher in the later session for the close. However prices turned positive, they closed below the 7 and 21 DMA. The RSI is still below the 50 levels. The bias remains on the downside as prices are seen resisting at the higher levels. Thus one can sell copper on rise.
Nickel prices are continuously falling after breaching the trend line. The downfall is expected to continue with the signs from dropping RSI and Cross-over in MACD. The one can sell Nickel at every rise around 735-40, targeting 700 on downside in near term.
Aluminium price traded lower yesterday but took support at the previous close of 75.45. The short-term trend remains downwards with dropping RSI below 50 levels and negative cross-over in MACD. However further sell can come in on breaching the 75.45 levels today, which can test 74.5 and 74 on the downside.