Tuesday, 1 December 2015

Commodity Market News for Base Metals

Copper:
A decisive breakdown below 307 will see Feb. copper prices move lower towards 302.50/300 levels. The outlook for the counter will remain negative until prices stay below 315.50. A decisive breakout above this resistance will push prices higher towards 318.65/322.50 levels. Immediate support is seen around 300 levels.

Zinc:
Zinc can bounce higher until prices hold on above 103.45 levels. Prices can rebound towards 104.85 and if the momentum persists then the counter can test resistance between 105.30—105.50 levels. A break below 103.45 will see prices move lower towards 102.60/101.90 levels.

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