SUNDAY



WEEKLY UPDATE



Zinc prices too dropped last week along with all base metals, and closed at 139.15


very strong and crucial supports for the commodity is at 138


any decisive drop or close below 138 will push down the prices to 134 levels.


Given the Chinese growth output scenario we expect prices may correct to the said levels.


Weekly Call :


Sell zinc either on a decisive break down or close below 138



with sl above 139.7


for targets 136 ,135 and 134.