Thursday, 15 January 2015

Daily Base Metals Market News

Copper could trade range bound to weak. Supports are at 5244 and 5000. Resistances are at 5775 and 5861. MCX could trade weak, tracking weak overseas prices. Support is at of 332.25. A break and close below could pull prices to 300 levels. Resistance is at 375.50.

Nickel could trade range bound to weak. LME support is at 14051. A break and close below could pull prices to 13300 levels. Resistances are at 14700 and 15016. MCX could trade weak, tracking weak overseas prices. Key support is at 840.75. A break and close below could pull the prices to 785 levels. Resistance is at 900.

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