Tuesday, 15 December 2015

Commodity Market Base Metals News for Today

Copper:
Copper prices have retraced from its highs at 321.65 levels. Failure to break below 314 levels will see prices take support between 315—314 zones and rebound towards 320/321.65 levels again. Overall upside target for the current rally is seen between 325—326.50 zones. A daily close below 314 will see prices correct towards 310/309 areas.

Zinc:
Zinc will trade with a negative bias until prices trade below 104.65 levels. Sustenance below 103 will push the counter lower towards 102.40/102.25 levels. A decisive breakout above 104.65 will open upside target of 105.55/106.50 levels.

www.marketmagnify.com
Ph: 0731-6619100

No comments:

Post a Comment