LME INVENTORY DATA>>

  • Copper  DOWN    -1625
  • Zinc    UP      8075
  • Lead    UP      17825
  • Nickel  UP      102
  • Aluminum        DOWN    -8225

Cancelled warrant ratio        

  • Copper  DOWN     (0.57)
  • Zinc    DOWN     (0.27)
  • Lead    DOWN     (3.95)
  • Nickel  UP       0.28

Base metals Technical update:

  • Copper Nov MCX: Prices are likely to move in the range of 433-437. Either side breakout would confirm the trend. CMP 435.25
  • Zinc Oct MCX: Supports: 104.4/103.7 Resistances : 105.2/105.8. CMP 104.6. Intraday bias downside
  • Lead Oct MCX: Supports : 116.6/115.8 Resistances : 117.3/118.1. CMP 116.90. Intraday bias downside
  • Nickel Oct MCX: Supports : 939/930 Resistances : 949/958. CMP 943.6. Intraday bias downside
  • Aluminium Oct MCX: Supports : 105.9/105.2 Resistances : 107/107.8. CMP 106.4. Intraday bias downside
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