Friday, 20 November 2015

Today News on Base Metals in Commodity

Copper. It suggest that prices are likely to remain in the downtrend as it is not crossing crucial resistance levels. It has potential to fall till 293 levels. On upside resistance is located at 311 levels.

Nickel suggests that prices are forming diagonal triangle. It is expected to give breakout on the upside. On downside, prices have immediate support at 590 levels. Bias could turn on the upside.

Zinc which suggest that prices are making lower highs and lows. However, momentum indicator is not loosing its strength. If prices manages to cross 99.50 then it is expected to jump till 101.90 levels. On downside, immediate support is located at 97.85 levels. 

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