Tuesday, 22 March 2016

Base Metals Prices From Commodity Market

Copper. It suggests that prices are making higher highs and lows. However, it is remain capped under resistance of 343.40 levels. It has potential to correct till 330.75 levels. Further fall could extend its losses upto 322 levels. Hence, prices are likely to trade on negative note.

MCX Lead. It suggests that prices are making higher highs and lows. However, double top at 127.65 and break of trendline level suggests bearish trend in the prices. Hence, prices are likely to break 119.30 and touch 115.20 in upcoming period. On the upside, immediate resistance is located at 122.70 and further at 125.40 levels.

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