Monday, 7 December 2015

Base Metals News on Commodity Market

Momentum above 312 will see copper prices rally towards 315.80/317 zones. Fresh selling can be seen as prices approach higher levels. A break below 308.50 though will put the counter under pressure and prices in that case can slide towards 305/304 zones again. A decisive breakout above 317 will open upside targets of 323/326 levels for copper.

Further upside in Zinc is likely only if prices sustain above 104.25 levels. Prices will rally towards 105.45/106.10 levels in that case. Sustenance below 102.65 will lead to weakness towards 101/99.80 levels. A daily close below 99.90 will see prices slip towards recent swing lows at 97.90 levels.
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