Monday, 30 November 2015

Commodity Market News for Base Metals

Copper prices could remain range bound. Support now is at 4630 and 4520. Resistance remains at 4750. MCX Copper prices could range bound. A weak Rupee could also support prices. Support remains at 312.10. A break and close below could see prices again test 300 levels. Resistance remains at 320.00 and 325.00.

Nickel prices took a breather after Thursday’s rally. Prices could remain range bound. Support now is at 8750. Resistance is at 9100. MCX Nickel prices could range bound. A weak Rupee could also support prices. Support is at 591.45. Resistance remains at 620.95.

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