Monday, 11 January 2016

Market Base Metals Trading News

Copper prices needs to sustain above 305.50 to bounce towards next resistance between 307.50—308 areas. Failure to trade above this resistance will see prices slide towards 301/299.50 levels. Areas between 294.50 up to 293.50 are strong support zones for the counter.

Weakness below 560 will push nickel prices lower towards 551.50 levels again. The counter has to breakout above 575 for a near term trend reversal. Until then intraday pullback rallies will face resistance between 570—575 zones. Areas between 551 542.40 are major support zones for the counter.
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