Thursday, 4 February 2016

Commodity Trading Tips on Base Metals

Copper:
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:
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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