Technical report –Base metals Mar 13th 08

Zinc

Zinc was trading below 9 day ,21 day EMA and showing little weakness .The RSI is coming towards
OB region and showing selling pressure .But StochosticRSI is in OB Zone which is slight positive.
Major support is in 102(34 EMA)and 100.Commodity will be bullish if it close 106.60.(above 9 day
EMA).Yesterday Zinc closed above 106.60 which shows little sign of bullish .

Aluminium

Aluminium which reached higher levels previous week has seen selling pressure and closed below 9
day is 1295 EMA and 21 day EMA.RSI is in 62 and showing slight weakness.STOCHRSI is in Over sold
region.Major resistance are 125.5 and if closes above we will see some upside.Major support is in
120.8and 116.30.Yesterday market closed slight below 9 day EMA.

Copper

Chart is showing slight positive that it closes above 21 day EMA and little below 9 day EMA .RSI is in
50 range and showing a flat trend.StochosticRSI is in zero region which shows OS region.Major
resistance is in 339.5 and 350 region. Major support is in 331.90 region and anything below 331 will
down the price till 322.Yesterday market closed slightly below 9 day EMA .

Lead

Chart is showing slight positive yesterday but it is still below 9day EMA and 21 day EMA .RSI is
showing uptrend and StochosticRSI is in OS region .Major support is in 120 and if it closes below
119.5 it shows sign of weakness .Major resistance is in 127 trading above it is good sign of
bulishness.

Nickel

Major resistance for nickel if it breaks above it is a good sign of buy.Major support is 1245 and then
1200.

Rangarajan.H

9894703007

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