Copper: The counter is trading range bound, while maintaining above the 21 DMA for close. Thus close below the 307.5 levels can put prices under downside pressure. At the same time prices are seen strongly resisting the 313.5 levels, but close above the same can trigger a upside in the counter as the RSI is seen rising up towards the resistance line at 62 levels.
Nickel: The counter looks bearish in short run with close below all short term MA (7, 21, & 40 DMA). But the prices are seen supported on the downside. The RSI is declining while the –DI is on the upside of the ADX. Thus one can sell on rise around 890-900, targeting 850 in short run.
Aluminium: The counter is trading range bound between 91-88.5 for past few sessions. Yesterday the prices have closed above the 7 DMA of 89.9. The RSI also is seen picking up in past few session. Thus the prices may try to test 92 levels on the upside.
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