Base Metals Trading Tips and Commodity Market Update: Nirmal Bang
Copper: The counter seems consolidating at the levels. The RSI and ADX are seen dropping, thus breaching the support at 292 can push prices lower to 288 levels. On the upside prices are seen resisting the 301 levels.
Nickel The prices are trading range bound between 952-915. The RSI and ADX are dropping down. Thus prices are expected to trade between 950-900 range for the day.
Aluminium prices are trading range bound between 90 and 99 since a long time. The RSI is seen dropping down while ADX is on the verge of cross-over. Therefore prices are expected to trade range bound for the day between 94-90. But one can remain short on breaching 90 levels, targeting 87.7 on the lower side.