CRUDE (FEB)
As mentioned last week, below 5050 to be selling opportunity, and it made a low of 4710 and almost gained more than 300 points sharply. Now in this week, consider resistance at 4960, positive bias only above that level...downside support at 4500.
: Today :
Some selling pressure at higher level continue
Resistance 4950-5000
Support 4855
COPPER (FEB)
Trend is very choppy and last week once broke 417, non-stop slide was seen up to 410, but again it took support and made a close at 420. We recommend traders to buy on decline as long as holds 408... for target 425-432-442 in coming days.
: Today :
Decline to best buy...
Do not panic at lower level.
Above 427 super hot buy
For target 450+
NICKEL (FEB)
Some support at lower level and big move was seen last week, which resulted in it making a high of 1072 and closing at 1043. In this week, consider resistance at 1060-1070 and support at 1000.
: Today :
Now resistance 1099-crossover immediate target...
Downside support 1060-1050 watch out.
NATURAL GAS (FEB)
Sell on rise strategy... Higher level of 1400-142 to watch out... Downside support at 120 - once break and trade below further fall on the card.
