Thursday, 3 December 2015

Commodity Market News for Base Metals

Copper prices should slide lower towards immediate support at 308 levels. A break below this support will see prices slide towards next support between 304.80—304 zones. A decisive break out above 312 will trigger a pullback rally towards 316.70/318 zones. Until then traders can look to sell into rallies towards 311—312 zones.

Failure to break below 103.50 will see Dec. Zinc prices rebound towards 104.75 levels again. Sustenance above 104.75 will see prices rebound further towards 106.50 levels. A break below 103.50 will see prices slide towards 102.90/101.90 levels again.
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