Sunday, July 20, 2014
ZINC UPDATES FOR JULY 20 2014
SUNDAY
WEEKLY UPDATE
Zinc prices shoots up to 139 and was trading very tight in the same
range for the whole week trend remains bullish however only a
break and close above 139 levels will confirm the bull trend till
then some profit booking is expected in the market.
Weekly Call :
Buy Zinc only on dips near 136.5 – 137
with stops below 135.25
for targets 138.3 and 139.
Add further buys above 139
or if prices opens up and gives a breakout above 139
then buy zinc with stops below 137.25
for target 142.
WEEKLY UPDATE
Zinc prices shoots up to 139 and was trading very tight in the same
range for the whole week trend remains bullish however only a
break and close above 139 levels will confirm the bull trend till
then some profit booking is expected in the market.
Weekly Call :
Buy Zinc only on dips near 136.5 – 137
with stops below 135.25
for targets 138.3 and 139.
Add further buys above 139
or if prices opens up and gives a breakout above 139
then buy zinc with stops below 137.25
for target 142.