SUNDAY

WEEKLY UPDATE

Zinc once again last week tested its resistance at 142.5 levels and dropped back

to 141 levels, prices were trading in the same range between 137 – 142 as as

shown in the chart. Only positive signal for the commodity is it has closed

above 141 levels after tow week times which technically says that price may

move forward t o test once again its resistance at 142.5 levels and any time

close above 142.5 levels will turn the commodity extreme bullish for short term.


Weekly Call :


Buy Zinc between 140.5 – 141

with stops below 138

for target 143 and close above 142.5

continue your long position by moving your stops above cost for next target 144 and 145.


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