Friday, 12 September 2014

Commodity and Metal Prices

November Copper prices took channel line support around Rs.418.0 and bounced back. Prices are expected to have intraday resistance at Rs.422.0 and Rs.425.0. On lower side pries can have support at Rs.417.5. Prices are expected to remain in the range of Rs.418.0 and Rs.425.0 in coming days.

Zinc September prices are expected to have intraday resistance at Rs.139.0 and upside correction towards 141.0 can be seen if prices sustain above Rs.139.0. On lower side prices have support at Rs.137.0.

Lead September prices are still holding Rs.128.0. Prices if sustain above Rs.129.0 then can gain further towards Rs.131.0. Prices can give temporary breakdown below rs.128.0 and can extend fall towards 127.0.

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