Base metals showed some more weakness yesterday. Lead & Zinc were already very weak and yesterday Copper & Nickel also participated. I had given hint & asked a simple question on 21st April -
"Now the question arises is it a retracement or correction???? Is it time to build shorts or buy on dips??? Guess !!!!!"
We have picked up this reversal on its initial phase......Remember we have expiry of these base metals tomorrow....
Gold & Silver as mentioned yesterday have witnessed some profit booking..So again the upside is over or its just a simple profit booking???? Keep guessing...
Crude is still weak until it closes above 2585-2610 range.....so short on rise...
Natural Gas has shown some positive sign in yesterday's trading...Although its weak but risky players can enter longs on dips with the SL below 164....
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