Friday, 4 December 2015

Commodity Market News for Base Metals

Copper move lower once prices broke below its trading range at 308 levels yesterday. Sustenance below 305 will push prices lower towards 301 levels. Pullback rallies will face resistance between 307.50—308 zones. A near term reversal in trend will fall in place only on a decisive breakout above 312 levels.

The intraday view for zinc will remain negative until prices stay below 103 levels. Sustenance below 101.90 will see prices slip towards 99.90/98.70 levels. The counter needs to break above 103 to rebound towards 104.70/105 areas again.
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