Thursday, 4 February 2016

Commodity Trading Tips on Base Metals

Copper prices couldn’t sustain at its intraday highs at 314.65 levels yesterday. Weakness between 314—315 zones will see prices correct towards support at 307.50 followed by 305.50 levels. A breakout above 315 will see prices rally towards 317.50/319 areas.

Zinc prices are rallying into its strong resistance areas between 116— 116.50 levels. The counter is likely to witness sharp corrective moves from between these supply zones. A break below intraday support at 114 will trigger a correction towards 112.20/111.40 levels.
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