Friday, May 20, 2011

Base Metals Reports- Zinc, Nickel and Copper Updates

MCX Copper (June) is trading with a positive bias and prices are likely to touch 414 level above 408. A consistent trade above 414 could result in fresh reaction rallies which might take Copper to 417-410 levels. Below 404-403 prices may fall towards 400-395 levels.

In Nickel (May) prices are likely to fall down below 1060 levels and this decline may extend to 1055-1050 levels. above 1070 one can initiate long positions.

In Zinc (May)one can buy Zinc futures only above 98.35 for the targets of 100.00 stoploss- 96.20


Posted By Commodity MCX Tips