Monday, November 12, 2018
ZINC UPDATES FOR NOV 12 2018
MONDAY
MORNING UPDATE
Base metals prices on the Shanghai futures Exchange were
mostly down diring Asian morning trading .
A stronger dollar is putting pressure on prices .
The ongoing trade spat between US and China also
continuing and having a bearish
pressure on the prices ,
The dollar has been supported by expectations of
another rate hike .
Mcx Zinc prices currently trading at Rs 186
Levgels are as under
SUPPORT 1 185.20
SUPPORT 2 184
SUPPORT 3 183.20
RESISTANCE 1 187.20
RESISTANCE 2 189.20
RESISTANCE 3 190.50
We will keep updating
MORNING UPDATE
Base metals prices on the Shanghai futures Exchange were
mostly down diring Asian morning trading .
A stronger dollar is putting pressure on prices .
The ongoing trade spat between US and China also
continuing and having a bearish
pressure on the prices ,
The dollar has been supported by expectations of
another rate hike .
Mcx Zinc prices currently trading at Rs 186
Levgels are as under
SUPPORT 1 185.20
SUPPORT 2 184
SUPPORT 3 183.20
RESISTANCE 1 187.20
RESISTANCE 2 189.20
RESISTANCE 3 190.50
We will keep updating