Wednesday, 4 November 2015

Base Metals Daily News Providers

We expect copper prices to slide lower towards its immediate support around 334 levels. A break below 334 will see prices slip towards next major support at 330. Intraday pullback rally will face resistance between 338.50—340 levels. Major resistance is seen at 342 levels. Weakness after intraday rallies can be sold into by day traders.

The outlook for zinc will remain negative until prices stay below 113 levels. A break below 110 will see prices correct further towards 109.30/108.50 levels. Intraday resistance is seen between 111.10— 111.40 levels. A daily close above 113 is required for a reversal.

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