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Sunday, October 9, 2011

COPPER / CRUDE OIL / NICKEL / NATURAL GAS / LEAD / ZINC WEEKLY (NEAR TERM) TRADING LEVELS : 10/10/2011

COPPER

BEST BUY & SUPP @ 344 ACTUAL RESIS & BEST SHORT LEVEL 351.80 (CURRENT SUPP) A BREAK ABOVE 362.50 UPSIDE TGT 368/375.80/383.20 ; A CRACK BELOW 336 DOWNSIDE TGT 328/320.40/312.90

CMP – 354.90

CRUDE OIL

BEST BUY & SUPP @ 3874 ACTUAL RESIS & BEST SHORT LEVEL 3968 (CURRENT SUPP) A BREAK ABOVE 4070 UPSIDE TGT 4270/4365 ; A CRACK BELOW 3820 DOWNSIDE TGT 3572/3480

CMP - 4072

NICKEL

BEST BUY & SUPP @ 900 ACTUAL RESIS & BEST SHORT LEVEL 923.5 (CURRENT SUPP) A BREAK ABOVE 945 UPSIDE TGT 998.25/1021.5 ; A CRACK BELOW 880 DOWNSIDE TGT 825.80/802.65

CMP – 932.20

NATURAL GAS

BEST BUY & SUPP @ 175 (CURRENT RESIS)  ACTUAL RESIS & BEST SHORT LEVEL 178.50 A BREAK ABOVE 182 UPSIDE TGT 188.50/191.60 ; A CRACK BELOW 173.2 DOWNSIDE TGT 165.50/162.30

CMP – 172.50

LEAD

BEST BUY & SUPP @ 96 (CURRENT RESIS) ACTUAL RESIS & BEST SHORT LEVEL 97.05 A BREAK ABOVE 98.80 UPSIDE TGT 101.95/103.45 ; A CRACK BELOW 95.20 DOWNSIDE TGT 90.60/89.20

CMP – 95.80

ZINC

BEST BUY & SUPP @ 91 ACTUAL RESIS & BEST SHORT LEVEL 92.60 (CURRENT SUPP) A BREAK ABOVE 93.50 UPSIDE TGT 96.05/97.15 ; A CRACK BELOW 90.20 DOWNSIDE TGT 87.95/86.85

CMP – 93.70

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