Thursday, 7 August 2014

Daily Commodity Market Metals News

Lead August prices have intraday support at 134.5 and on higher side prices have resistance at 139. Prices can remain in this range with positive bias. 

Nickel August prices have intraday support at 1140 and buying should emerge there. On higher side prices can give fresh breakout above 1155 and can test 1165. Prices should not fall below 1130 to maintain positive outlook for the day.

Aluminium August prices are expected to remain sideways to higher till it trades above 122.0 and fresh selling can be seen below this for 120.5. On higher side prices can again face resistance at 125.50.

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