AHMEDABAD (Commodity Online): Base metals prices witnessed strong buying yesterday as positive news from Greece amid rate cut in China spurred sentiments. All base metals ended in green amid active buying in all commodities.
On wednesday, Industrial metals gave away gains on penultimate trading day of the week and fell towards intraday low as weaker than expected economical data from Euro zone.
Industrial metals surged after a second bailout for Greece eased concern that a European debt crisis will crimp metals demand, and as China took steps to spur bank lending and economic growth. All base metals stays optimistic on strong buying as short covering takes place after intensive selling pressure in last week.
To get in touch with the Analyst on this report or to get a free trial on trading advisories call 079-40275050 or mail to tips@commodityonline.com
Get Trading tips on your mobile
