Nitesh Sharma
As we can see on below Copper daily chart, double bottom reversal pattern has been formed and trend is bullish for near team after breakout at 2.87 neckline.
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Nitesh Sharma
Gold declined after hitting a multi month high of $1346.77 to a low of $1280 levels seen yesterday.
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Nitesh Sharma
Crude is trading in a downward sloping channel as seen on the chart with lower high and higher low and its expected to touch 4020 in couple of days till the time 4135 on the upside is intact
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Nitesh Sharma
In our last outlook we were looking for upside momentum in mentha price to pick up till the time 1480 support was intact which was a trend line support. Buying opportunity was there around 1500 mark provided 1480 support was intact but the trend line was broken and immediately the prices fell to 1250 levels
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Nitesh Sharma
In our previous mail we had hinted for a breakout in zinc prices ( new reader may scroll down) and as expected it broken out of 3100-3200 mark .As seen on the chart , Zinc LME futures prices were holding to 3100-3130 mark for some time and the movement was restricted within the rising wedge as seen on the chart.
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