Copper: The counter moved up positive just after breaching the resistance at 313.5. The counter is seen forming a double top at 319 levels. Prices may resist 319 levels on the upside, but breaching this levels prices can enter into a new zone targeting 325-27 on the upside. The RSI have moved above the resistance levels at 62. The rising RSI and +DI indicate strength in the counter. Thus one can remain long above 313 levels for the day.

Nickel: The counter was seen testing the resistance line on the upside, however prices closed lower below the 7 DMA of 879.5. The counter is taking support around 865-70 levels, breaching 865 levels prices can fall lower to 840 levels. But close above 905 (40 DMA) can reverse the short term downtrend in the counter.

The downtrend in the counter seems reversing with close above the 7 DMA of 89.9, rising RSI and Crossover in the +DI with –DI. Prices are resisting the 40 DMA (92.2) and Middle line of the Bollinger Band at 92.3. For the day prices are expected to remain positive above the 7 DMA- 89.9 and close above 92.3 can reverse the short term downtrend in the counter.