Wednesday, 6 August 2014

Daily Commodity Market Metals News

Copper prices are expected to face resistance at 431.5-432 and selling can be seen there. On lower side prices can test 427.5 and 426.0. Prices have strong support at 425 and pullback can be seen at lower levels. Prices should not move above 435 to main negative outlook for the day.

Zinc August prices can give fresh selling pressure below 144.5 and can slide down towards 142.5. Intraday bounce towards 144.5-145 should be used for selling. Prices should not move above 146.0 to maintain negative outlook.

Lead August prices have intraday resistance at 136-136.5 and selling pressure can be seen there. On lower side prices can fall to 134 and 133.0 Prices should not move  above 137.5 to maintain negative outlook.

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