Tuesday, 15 December 2015

Commodity Market Base Metals News for Today

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 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.

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