Wednesday, 16 December 2015

Commodity Market Base Metals News for Today

Copper:
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.

Lead:
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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