Friday, 6 November 2015

Base Metals Daily News Providers

Copper could remain range bound. Intraday resistance is at 5183. Intraday support is at 5120. MCX Copper has remained in a trading range over the last 2 sessions and could continue to do so between the support of 335.0 and resistance 340.0. Either side breakout could give us further cues.

Nickel could trade range bound. Resistance is at 9970. Intraday support is at 9830. A break and close below could pull prices to 9700 levels. MCX Nickel could remain range bound and is currently consolidating near an important support level of 650.00. A close below this level today could pull prices to 630 levels. On the other hand, if prices remain above this level then, 665.00 could be revisited. 

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