Monday, 18 August 2014

Daily Industrial Metals Prices by Marketmagnify

Copper prices achieved 161.8% Fibonacci retracement level at Rs.415.5 and now prices can bounce back. Prices are expected to have intraday support at Rs.417.0 417.5 and prices can bounce back till Rs.421.0 where again selling pressure will emerge.

Zinc August prices are expected to have resistance at Rs.141.5 and selling can again be seen there. Prices on lower side can take intraday support at Rs.139.5 and can again move higher.

Lead August prices can also give intraday recovery can move higher towards Rs.136.0 but again selling pressure can be seen there. Prices on lower side have intraday support at Rs.134.0.

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