Copper: Copper prices traded downwards yesterday taking support at the earlier two high of 264.5. Now the prices are seen resisting the high of 269.5. The RSI and ADX still indicate positive trend in copper. Thus fresh buying is suggested above the resistance of 269.5 or around the support area of 258-260.
Nickel prices are resisting at the upper levels, however prices are taking support at the 780 levels. The RSI is continuously rising. Thus one can enter at lower levels targeting 810 and 822 for the day.
Aluminium prices have seen a very good upwards rally after breaching the resistance at 83.65. The prices are now expected to remain positive above 85, target new high of 86.5 and 87. However below 85 prices can take support at 83.6 levels on downside.
