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Sunday, May 29, 2016

ZINC UPDATES FOR MAY 29 2016

SUNDAY


WEEKLY UPDATE



Mcx Zinc last week jumped from 122.5 levels to close at 127.75 levels ,



Second month contract may give a bounce from current levels to 130 levels,



with strong supports below 126 levels, trend for the commodity now looks



bullish and we expect the momentum to continue up to 130 levels.




Weekly Call :



Buy Mcx Zinc between 127.5 – 127.75



with SL below 126


for target 130.




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