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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