Base Metals Trading Tips and Commodity Market Update: Nirmal Bang

Base Metals Trading Tips and Commodity Market Update: Nirmal BangCopper: The counter indicates short term down trend with negative crossover in the short term moving averages. The RSI is dropping down while ADX is showing some negative crossover. Thus one can remain short in the counter at every rise below 305, targeting 295-293.

Nickel: The counter is weak with fall below all moving averages, while we can even find negative crossover between 21 and 40 DMA. The ADX is seen taking a negative position with rising -DI and adx trying to move up.

Aluminium: The counter is trading downwards, below all the moving averages. The prices moved lower yesterday but however closed near the open. Thus the short term down trend is expected to remain below 89.5. thus one can sell at rise with Stop loss above 89.5.