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Monday, January 26, 2015

ZINC UPDATES FOR JAN 26 2015

MONDAY



WEEKLY UPDATE




Mcx Zinc prices last week went up to 132.5 levels and fromed inverted hammer


which is a bearish candle , similarly weekend witnessed a heavy sell off in


the market to close at 128 levels, below 128 levels prices is expected to


drop further up to 124 levels trend for the commodity remains very bearish.



Weekly Call :



Sell Zinc between 128.25 – 128.75


with stops above 131


for targets 126 and 124.5.