AHMEDABAD (Commodity Online): On Thursday after a brief decline, prices soared with positive bias in market. Industry metals prices have given some bottom fishing in market. Last two days had been hopeful for gains in all industrial metals like zinc, lead, copper and other metals. In local market, price was trading with positive sentiment. After sequence of a fall in metal prices last week, metal traders got relief by earning handsome profits in last two days. “Traders and speculators seem to be interested in buying these metals at lower rate. Positive Global cues and stockpiles also play vital role to bust prices in from pedestal,” said Amrita Mashar, analyst with Commodity Online. Base metal prices again traded with positive bias after witnessing selling pressure on Dollar Index. Prices get widely supported by yesterday's release of US employment claims data and Chinese market holidays. Buying momentum will continue as attraction of alternative investment in the metals. For the day, Aluminum and Zinc look in bullish tone. So I am not expecting much upside moment in copper and Nickel futures as it is trading in a consolidation zone, added Mashar. 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

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