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Sunday, May 15, 2016

ZINC UPDATES FOR MAY 15 2016

SUNDAY


WEEKLY UPDATE



Mcx Zinc last week tested low of 122 levels and recovered back to close at



126.5 very strong supports for the commodity is at 124.5 levels, out of all



base metals zinc is the only metal looks positive and is expected to move




further up to 129 – 130 levels, immediate resistance for the commodity is



at 127 break above could see immediate rally.




Weekly Call :




Buy Zinc only above 127



and add further on dips up to 126.5\



with SL below 124.5



for target 130.




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