Basemetals

Technical Outlook

Copper chart is displaying a downtrend of prices Candlestick shows down trend in the market. The prices closed below short term and medium term EMA’s, which supports bears. MACD is running flat in negative region. Technically market is weak overall unless any major breakout above 303

Zinc chart is displaying a downtrend of prices Candlestick shows down trend in the market. The prices closed below short term and medium term EMA’s, which supports bears. MACD is running flat in negative region. Technically market is weak overall unless any major breakout above 132.50

Aluminium chart is displaying a downtrend of prices Candlestick shows down trend in the market. The prices closed below short term and medium term EMA’s, which supports bears. MACD is running flat in negative region. Technically market is weak overall unless any major breakout above 105.10