Copper: Copper prices have given a breakout yesterday, after breaching the resistance at 243.5. The prices closed above the 7 and 21 DMA. Thus the uptrend is expected to continue above the 243 levels. The RSI also have breached the resistance and moved upwards. The short term trend is positive above 243, therefore buy at every dip above 243.5, targeting 251-52 levels.
Nickel prices also have given a positive break out yesterday, The prices have closed above the 7 and 21 DMA. Thus prices look positive above 733 levels, targeting 780 in near term.
Aluminium prices are taking support at the 75.5 levels. The prices reversed from the very same levels yesterday and closed positive above the 7 DMA at 77.35. The RSI also have picked up from the bottom, above the MA. Thus the prices can remain positive today above 76 levels, targeting 78.5 for the day.
