Metal Prices reach critical resistance levels.

Published: Tue, 08/22/17

August 22, 2017 View in browser

Important levels at test for Base Metals Mcx. Copper below is just one case. Metal stocks have done very well but if prices face a setback so will stocks.

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Copper - the trendline of the last two highs rising to 3.02$ is an important short term resistance level from where prices can react short term. So keep a watch on it. This is a weekly chart.

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Crude broke below the rising trendline from the June bottom. MCX prices may go back to test the neckline support at 2745. Resistance is near 3100

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Indiacharts has been forecasting the markets freely from this blog since 2001. In June 2013 we launched the Insiders Program so that you can ride the markets up and downs as it happens everyday.

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