BASEMETAL’S INTRADAY POSITIONAL UPDATE: WWW.SURESHOTFORMULA.BLOGSPOT.COM

BASEMETAL’S INTRADAY POSITIONAL UPDATE

YESTERDAY BASEMETAL’S GAVE GOOD RETRACEMENT FROM THEIR HIGHER LEVEL’S AS COPPER (391.50), LEAD(125.45), ZINC(139.90), ALUMINIUM(112),NICKEL(874)

ALL OF THEM ARE STILL LOOKING WEAK AS LONG AS THEY TRADE BELOW YESTERDAY’S HIGH ON CLOSING BASIS

I ADVICE TO STAY SHORT AND INITIATE SHORT POSITION’S ON BM’S ON RISE AT THEIR RESISTANCE LEVEL AS WE MAY SEE A DECLINE IN DAY AHEAD..

BUT BE AWARE ABOUT YOUR STOP LOSSES AS TREND MIGHT CHANGE ANYTIME ONCE THEY BREAK THEIR CRUCIAL LEVEL AT HIGHER SIDE AND THEN WE MAY SEE SOME 5-10% RISE IN ALL BM’S AND HENCE KEEP VIGILENT ABOUT PRICE’S

I WILL KEEP ON POSTING LEVEL’S AND CALL’S ONCE THEIR IS ANY REVERSAL SEEN IN BM’S

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