Wednesday, 13 January 2016

Market Base Metals Trading News

Minimum investment and more profit at 

Nickel:
Failure to trade above 552 will see Nickel prices correct further towards 542.40 levels. The counter can witness a bounce until prices hold on above 542.40 levels. Any major upside though is likely only once prices breakout above 555. A decisive breakout above this level will push prices higher towards 563.40/566 levels. A daily close below 542 will be negative for the counter.

Aluminium:
Aluminium can slide lower if prices fail to trade above 99 levels. Major support for the counter is placed at 97.60 areas. A daily close below this level will push the counter lower towards 96.65/96 levels. Momentum above 99 will push prices higher towards 99.70/100 levels.


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