Copper: The Counter looks positive with higher close, resisting the earlier high. The prices are ranging upwards after completing a 50% correction of the rally from 263 to 311. The prices have maintained above the trend line, thus the prices are expected to move up in the same trend. Therefore one can remain long in the counter above the 300 levels targeting 322 in the near term.

The Counter looks positive after completing 50% correction of the rally from 789 to 1022. The prices are expected to resume the uptrend on breaching the resistance at 953 levels. Thus for the day prices are expected to maintain above
930 levels and move higher to 970-75 levels on breaching the 953 resistance.

Aluminium prices were seen trading downwards for past few sessions, but the counter is strong above 90 levels. The downtrend seems to have breached in the previous session. Thus for the day prices may resist the 7 DMA of 94 on the upside, prices may remain positive on breaching the same. At the same time breaching 90 levels on the downside can ruin the uptrend in the counter.