Tuesday, October 7, 2008
UPDATE
TECHNICALS FOR OCTOBER 7
ZINC MCX OCTOER
SHORT TERM TREND : BEARISH
LONG TERM TREND : BEARISH
SUPPORTS : S1 73.20, S2 71.60
RESISTANCES : R1 75.20 R2 76.70
SELL AT 75 .00 TO 75.20 , SL 76.70 , TGT 73.20.
Zinc is at $ 1550 down $ 45.It has not yet tested the
$ 1500 support but it could do it soon.
Zinc is below their cost of production and so
the decline from here could be gentler if supply
cut backs accelarate.
ZINC MCX OCTOER
SHORT TERM TREND : BEARISH
LONG TERM TREND : BEARISH
SUPPORTS : S1 73.20, S2 71.60
RESISTANCES : R1 75.20 R2 76.70
SELL AT 75 .00 TO 75.20 , SL 76.70 , TGT 73.20.
Zinc is at $ 1550 down $ 45.It has not yet tested the
$ 1500 support but it could do it soon.
Zinc is below their cost of production and so
the decline from here could be gentler if supply
cut backs accelarate.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment