Wednesday, 10 September 2014

Commodity and Metal Prices

November Copper prices are expected to have intraday resistance at Rs424.0 and prices can trade lower initially but prices will again take support at Rs.420.0 and bounce can be seen there. Prices should not fall below 418.0 to maintain corrective outlook at lower levels.

Zinc September prices are expected to have support at Rs.138.5-139.0 and again bounce can be seen there. Prices on higher side can face resistance at Rs.141.5. Prices should not fall below 138.0 to maintain corrective view. 

Lead September prices fell sharply yesterday and now prices can show some recovery. Prices are expected to have support at Rs.128.0 and if hold this support then bounce can be seen and prices can test 131.5 on higher side.

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