Monday, 11 August 2014

Daily Commodity Market Metals News

Copper prices are expected can face resistance at 432-432.5 and selling can be seen there. ON lower side prices can dip to 427 and 4260. Prices have strong support at 425.0 and if prices hold this level then bounce can be seen. On higher side, prices should not move above 435 to remain weak.

Zinc August prices have intraday resistance at 141.5 and prices can remain weak till it trades below this. Prices on lower side can test 138.5. Only a breakout above 141.5 can take prices higher towards 142.5.

Lead August prices are expected to have resistance at 138.0 and selling can be seen there. On lower side prices can test 136.0 and 135.5. Prices should not move above 139.5 to maintain negative outlook for the day.

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