Tuesday, 24 November 2015

Daily News on Base Metals in Commodity Market

MCX Copper . It suggests that prices are trading at multi year lower levels. In the near term, prices are expected to fall further till 280 levels. Momentum indicator RSI Is expected to remain under pressure. On upside, immediate resistance is located at 308 levels. Hence, trend remain bearish for this week.

Nickel Prices are making lower highs and lows on medium to short term. It is expected to fall further till 530 levels. Bearish momentum on RSI is likely to persist over near term. On upside, immediate resistance is located at 600 levels.

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