Copper: Copper prices remained range bound yesterday, but moved out of the earlier resistance on 269.5 and closed above the same. The RSI and ADX are still intact indicating the uptrend. Thus one can continue to remain long in the counter above 264, targeting 275-80 in near term.

Nickel remains positive yesterday but closed just near the previous close, thus hardly gaining any upside. The immediate support lays at 804, breaching these prices may take support at 795 levels. The prices looks positive above 795, thus one can buy Nickel above 795 levels, targeting 818-22.

Aluminium prices gained significantly yesterday, but declined sharply in the close forming a ‘Shooting star’. Thus prices are very prone to breach the support at 86.5; breaching 86.5 prices may fall back to 84 levels. Thus on should wait and watch till the prices move above 88 for buying.