Tuesday, 22 December 2015

Mcx Commodity Market Base Metals News

MCX Copper chart. It suggests that prices are finding support near 300 levels on the down side. Whereas, immediate resistance is located at 321.80 levels. In this week, prices are expected to retest 321.80 and further strength could take it towards 328.50 levels. Hence, bias is expected to trade for higher levels.

Lead In the medium term, prices are trading in sideway zone. On downside, immediate support is located at 111.40 and further at 107.20 levels. Whereas, resistance on upside is located at 116 levels. Hence, prices are expected to remain in this zone.

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