Thursday, 24 December 2015

Mcx Commodity Market Base Metals News

Ph: 0731-6619100

Copper prices continue to trade sideways. Price have immediate support between 312—311 zones. Sustenance below these levels will trigger a correction towards 307.50/305.50 levels. Counter needs to break above immediate resistance at 316 to test 317.60/319.90 levels.

A decisive breakout above 101.50 levels will see Zinc rally towards 101.90/102.80 levels. Failure to sustain at higher levels will see prices slip towards 99.60 levels again. A daily close below 99.50 will push prices lower towards major support at 97.90—97.60 zones.

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