Wednesday, 13 August 2014

Daily Industrial Metals Prices by Marketmagnify

Copper prices are expected to have intraday resistance at 430-430.5 and selling can be seen there. Prices can test 426 and 425. Pries have strong support at 425 and if unable to break that then bounce can be seen. Prices should not move above 432.0 to maintain negative outlook for the day.

Zinc August prices have intraday resistance at 143.50 and prices can trade sideways to lower. On lower side prices have support at 141.5 and prices are expected to remain in this range for the day.

Lead August prices are expected to have resistance at 139.5 and prices can remain sideway to weak till it trades below this level. Prices on lower side have support at 137.0 and prices are expected to remain in this range.

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