Wednesday, 16 December 2015

Commodity Market Base Metals News for Today

Copper prices are trading below its support between 314—314.50 zones currently. The intraday view for the counter will remain negative until prices stay below 315. A decisive break below 312 will see prices slip further towards 310/308.50 levels. Sustenance above 315 will help the counter rebound towards 318 levels.

The rally in Lead will resume once prices start to trade above 116.65 levels. Until then intraday rallies will face resistance between 116.25—116.50 zones. A break below 115 will see the counter slip towards support around 114 levels. A daily close below 114 will trigger a correction towards 112.40 areas.
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