Base Metals prices are in rally mode continuing the past week trend. In the start of this week on Monday(04 Feb 19) all metal shows modest gain while nickel rallied more than 4% in intra-day. There are no signals of fall till today and it looks that this week also may continue uptrend. Important is to see that China market is closed this whole week enjoying the spring season holiday. Chinese market will open next week. so in my opinion base metals may show some correction on Friday this week or Monday next week to adjust with chinese market. This is my personal opinion and not an investing or trading suggestion.
Base Metals Rally Continue
Reviewed by Rajesh Kumar Gupta
on
Tuesday, February 05, 2019
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