Wednesday, 23 December 2015

Mcx Commodity Market Base Metals News

We reiterate that Zinc needs to sustain above 101.50 for prices to advance higher towards 102.40/103 levels. Sustenance below 99.75 will push prices lower towards 98.65/97.90 levels. Traders can look to go long if prices start to show momentum above 101.50 levels today.

Copper can move higher until prices sustain above 312 levels. Momentum above 318 will see prices advance towards 320.50/321.65 levels. Fresh selling can come in as prices approach higher levels. A daily close below 312 will see prices correct towards 306.50/305 levels.
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