As predicted copper was 1620 dollars per ton on the back of rising inventories and weaker sentiment from the remaining base metals complex. Most noticeably from aluminium. It suffered a bout a profit taking at the key resistance of 1620 dollar per ton. While copper seems to be in no immediate danger of sell off, aluminium is susceptible to further losses. And will most definitely be affected adversely of the US equities failed to maintain upper ward momentum. Rest of the base metals complex the prices should remain subdued to weaker.
NSTL
