Base Metals

Friends!
here i have started New thread for Base Metals. (as i have didn't found special thread for this)

So friends lets Talk about all base metals..

i have never bought any base metals yet..
but i wants to go long on best buy level.

basically i'm trader in MCX india, but we we can discuss all globle level.

after news from china all base metals seen high selling from last 2-3 days.

is this right time to enter & go long in all base Metals??
or should wait for more correction.

what are the best levels to enter specially in copper, nickel,lead??

Regards

Base metals are melting...
is this correct time to enter???
or timje to sell on rise???????
frnds... what u think???
globle indicators is the main role for trend??

Precious metals are called higher today as the Gold market rebounds from the low of $1,320 to rally above $1,360 as investors saw this as a buying opportunity to get back into the yellow metal. Silver on the other hand "lost 2.7 percent to $27.1038 an ounce. It reached a 30-year high of $29.36 on Nov. 9 and is up 61 percent this year. Palladium dropped 4.7 percent to $661.75 an ounce. Platinum was 1.2 percent lower at $1,641.50 an ounce." (1) Gold is unusually higher this morning even as other metals are called lower as the USD rallies against other major currencies. I believe this rally will get pushed aside today and head lower into the $1,355 range so look to sell rallies in this market. With the Ireland debt crisis still looming large it is odd to see Gold react in a positive way like this.

Copper continues to sell off as this market is down 5 cents to below $3.70 with a lower S&P and a higher USD. Copper looks to be headed to once again the support of $3.60 as this was the last leg down. It just seems these markets need to cool off again before heading back higher. Look for December Copper to get weaker as the day progresses.

- Daniel Cronin, Metals Guru

1 http://www.bloomberg.com/news/2010-1...kens-euro.html

Copper made new all time high in indian MCX exchange.
Today copper made new high of RS:446.30 in MCX india.
nickel also seen lower level buying...
lead & zinc also in firm.
silver made new high yesterday.

what u think friends??
will copper see profit booking????
or will make new high???
what ur view on all metals??

has uptrend in Copper changed in downtrend?
or this is only profit booking??

Follow the price action, man. Why predict it?

Anybody's guess here is as good as yours.

any fall in metals should be used as buying opportunity for short term??
(Lead, Zinc , nickel, aluminium & offcourse King of metals,Copper )

in MCX india good levels to go long with Strict Stop:
Lead : 98-100
Zinc : 88-92
aluminium : 101-104
nickel : 950-980
copper : 385-395
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friends!
what level u sugest to go long /short in above metals?????

I dont think that this is the time to invest in the metals space as Euro zone debt crisis still persist and no solution has been indicated even in Euro Summit held on 9th Dec.Apart,credit rating agencies are also on the verge to downgrade the Euro nations is likely to nervous the market.Further;China the biggest consumer of industrial metals is growing at a slower pace giving sense that demand may further slip down.Amid all these I expect that the prices could go down further.So i feel a trader before adopting any strategy should closely watch the currency movement and the global news flow..

Dear!

Take any week's high & low and apply Fibo calculation. See the magic!!

COOPER :

Any followers of point and figure charts might find this point&figure chart of spot copper very interesting. The PO (circled in red) shown is $8.25 - more than double the current $3.72! Can this really work out?

Hi... how about Tin at London? anyone trade it?

Metals

platinum



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