CAPITALSTARS MCX COMMODITY BASE METAL COPPER NEWS UPDATE : : 06 SEPTEMBER 2019

Base Metals Preview: Copper may test 450 while taking resistance near 455.

Base metals may trade with dip lower on profit booking. Copper may test 450 while taking resistance near 455. London copper was rising 2.7% so far this week, its best since March, while Shanghai copper rose as progress after China and the United States agreed to hold high-level trade talks, reviving hopes for an end to a prolonged dispute. While zinc can increase towards 190 while taking support near 185. China's iron ore futures edged lower to snap a six-session rally on Friday, but they were in line for their biggest weekly jump since mid-June, fuelled by firm demand from mills. Lead may trade sideways as it can test near 157 while taking support near 152. Nickel may dip lower towards 1220 while taking resistance near 1250.

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