Thursday, 3 December 2015

Commodity Market News for Base Metals

Copper:
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.

Zinc:
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.

www.marketmagnify.com
Ph: 0731-6619100

No comments:

Post a Comment