MCX Commodity updates today includes zinc updates, aluminium trend, lead tips, nickel trend and also get technical levels with support and resistance.
ZINC UPDATES>>TREND>>TIPS
Zinc is in long- medium- short-medium- term bull phase .Currently Zinc is moving sideways The oscillator is showing BUY signal .In last 1 month volatality is very less and fresh Buy can be considered in the Zinc if it close above 103 or buy with strict stop at 101. The oscillator is showing BUY signal For short term Zinc is in HOLD LONG position
Support and Resistance :- Support for the Zinc is 103-102. Immediate resistance for Zinc is 103
ALUMINIUM TIPS>>TREND
Overall trend of the Aluminium is bearish for medium-long term .Currently Aluminium is in strong downtrend with good momentum and the trend is supported with good volume The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. The Aluminium is now trading in oversold level. The Aluminium is now trading in oversold level. The oscillator is showing SELL signal For short term Aluminium is in SELL position and closed below 1 month low with volume signals down breakout.
Aluminium Support and Resistance :- Immediate support for Aluminium is 106.Resistance for the Aluminium is 107-108-109-110
LEAD TREND TIPS :- Support for the Lead is 104-.Resistance for the Lead is 106
NICKEL TRADING TIPS :- Support for the Nickel is 923-921-.Resistance for the Nickel is 944-964-988-989
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