Thursday, 17 December 2015

Commodity Market Base Metals News for Today


Copper:
Copper prices closed below its trend line support around 311 levels yesterday. Intraday pullback rallies will face resistance around 311.80—313.50 areas. Weakness below 307 will push the counter lower towards 305/303.90. A daily close above 314 is required of prices to re-test 320/321.65 levels.



Aluminium:

Sustenance below 98 will push aluminium prices lower towards 96.80/96 levels. Intraday outlook for the counter will remain negative until prices stay below 99 levels. The broader view for the counter will remain negative until prices stay below 102.10 levels on a closing basis.


No comments:

Post a Comment