Copper: Copper prices traded downwards yesterday taking support at the 14 DMA of 262.5. The RSI is about to breach the MA on downside, breaching it looks negative for the counter. Thus the counter looks weak and breaching 262 can push prices lower to 258 levels and next to 255 levels.

Nickel prices fell downwards on breaching the support of 804 of previous 3 sessions. The prices moved below the 7 DMA, which is negative for the counter. Thus the prices can remain negative below 800 levels targeting 768 levels in near term.

Aluminium prices have moved below the support levels of 86.5 and closed at 86.1 taking support at the 7 DMA. Prices are expected to remain weak below the 86.5 levels and breaching the support at 85.9 can push prices further lower to
84 levels.