Sunday, August 31, 2014
ZINC UPDATES FOR AUG 31 2014
SUNDAY
WEEKLY UPDATE
Out of all base metals Zinc and aluminum are the commodities were prices are
holding near to its resistance levels, over all trend for the commodity is
under bulls hand any decisive breakout above 143.50 levels or close above
the said levels will give a positive impact for the commodity to next level
up to 146 levels.
Weekly call :
Buy Zinc only above 143.50 (
low risk traders can initiate buy on close above 143.25)
with stops below 141.3 for tgt 146 and 147.
WEEKLY UPDATE
Out of all base metals Zinc and aluminum are the commodities were prices are
holding near to its resistance levels, over all trend for the commodity is
under bulls hand any decisive breakout above 143.50 levels or close above
the said levels will give a positive impact for the commodity to next level
up to 146 levels.
Weekly call :
Buy Zinc only above 143.50 (
low risk traders can initiate buy on close above 143.25)
with stops below 141.3 for tgt 146 and 147.