Wednesday, 23 July 2014

Daily Commodity Market Metals News

Copper prices attempted a pullback above 432 levels but prices couldn’t sustain higher. Prices have immediate support at 426.50-426 levels. Prices are likely to trade in a range of 432-426 zones for the day.

Zinc prices hit a fresh swing high of 142.70 yesterday. Prices are in a strong upside momentum and dips and reversals from 141.50-141.80 zones can be bought by traders. Prices can test 143.50 on the upside.

Lead prices broke out above its important resistance at 133 but selling pressure came in at higher levels which saw the counter loose all its intraday gains. Downside support is placed at 132 levels. A rally towards 133.50-134 will be met with resistance.
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