Metals Index - Bulls eyeing 6,500

 Metal Index is trading at the bargain buying level as per Technical Analysis.

1. The Gann Fan has support of 4/1 line at 5,540

2. Time Cycle theory indicates an end to the consolidation / downward momentum of 46 days and a new trend will emerge.

3. Stochastic is trending bullish

The technical structure indicates the short term bottom is in place and it will negate only on the break of previous low of 5,268.

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