Thursday, 30 August 2012

Basemetal trading


The trading levels for Leadmini and Zincmini for 30th August, 2012
For base metal traders the pivot has not changed much for Leadmini, but Zincmini has changed. Take not of the new levels and also end of the contract tomorrow. Since both are in the downtrend shorts can be formed.

The spread gap has gone up to 7.15, which is very good.

                         R2             R1           Pivot       S1           S2

LEADMINI   109.77       109.55     109.33     109.08    108.82

ZINCMINI     102.65       102.50     102.35     102.08    101.80


Happy trading!                     

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