Friday, 15 January 2016

Market Base Metals Trading News

Copper:
We reiterate our negative view on Copper until prices sustain below 297 levels. Sustenance below 291 will see prices slip towards 287.50/285 levels. Momentum above 297 will help the counter rebound towards resistance between 299.50/301 zones. A daily close around 300 levels will be the first sign of a reversal in the counter.

Zinc:
Zinc prices need to breakout above 100.70 levels to witness a strong pullback rally towards 104.50 areas. Until then intraday rallies towards 100.50 levels will face resistance. Weakness below 99.60 will push prices lower towards 98.15/97.60 levels. A daily close above 100.70 will be positive for the counter.

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