Monday, 11 January 2016

Market Base Metals Trading News

Copper:
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.

Nickel:
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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