Base Metals Trading Tips and Commodity Market Update: Nirmal Bang

copperCopper: The counter on a correction mode, but taking support at the 21 DMA in past two sessions. The RSI is coming down with drop in the ADX. The prices are expected to correct till the next support at 288 levels. But prices may remain positive above 303 levels.

Nickel The Counter looks weak with dropping RSI and dropping ADX. The prices have support levels at 920 levels. The prices are expected to resist the 945-50 levels on the upside and trade downwards. Prices can further drop on breaching 920 levels targeting 890-95 on the downside.

Aluminum: The counter is trading side-ways, while the indicators indicate weakness with dropping ADX and dropping RSI. The prices are resisting 99.25 levels on the upside, breaching these prices can resume the uptrend. However the bias remains on the downside and breaching 94.5 can trigger downside till 91-90.