HURDLE: 2571
If crude oil will stay below the hurdle then we may see 2530-2505 levels today and if the crude oil will stay above 2571 for 1-2 hours then nobody can stop it to touch 2620-2680 levels.
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Yesterday next month [APR] contract of copper dropped almost 1.55% (-5.15) and we’re expecting it will go down more.
For day traders: 323.5-320
For short term investor: 316-311
Best entry level: 328.5
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Lead is dropping over 2 weeks, and we’re expecting more downward in metal sectors commodities. It hurdle is 116 level. If it stays above to our hurdle then lead could touch 117.5-118.5 levels. But seller may continue selling while it goes below to our hurdle. Downtrend is showing 114.5-113.5 target levels for intraday traders.
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Have you any questions/feedback about this article? Please leave your queries in the comment box for answers.
devji, copper ka pahela target ho gaya. book profit karloo ya fir hold me rahoo?
what should I do with lead? As per your guideline I had sold it at 115.1.
Thanks
– From delhi
If you’re a intraday trader then book full profit @ 114 level.
I have booked full profit. Kindly let me know if any discount available on 1 year package. Here’s my no. 7284xxxxxx.
Thank you!