Base Metal Commodity Update by CapitalVia

Base Metal Commodity Update by CapitalViaBase metals are expected to move down as a stronger dollar would weigh on prices ahead of US payroll numbers and Chinese trade and inflation data next week.

Trend of MCX Copper future is consolidate and also sustaining around lower levels. So, for the coming week, it could face major resistance of 495/513 whereas 461/451.90 could be a major support in MCX Copper. For the next week trader may go for sell on higher levels, if MCX Copper future sustain below 473.40 levels then it could test the level of 467.70/ 461 levels.