What position Will Take on Zinc ?

DSR Broking - There are many kind of Fundamental and Technical support for zinc Fail . 1 Week Heavy selling on every base metal will pull to the down trend no where support for the base metal prices . But today Zinc will surrender because the zinc had not cross the our lower suport . I will tell the support of zinc is on 11 Jan 2017 , when it had not brack that level so zinc will go up to 2740 in  MCX 183 and strong support yesterday low . The red TGT point will show the strong support for the zinc and green line will show the Resistance .
when it will break the resistance level or sustain 20 min so it cross the 2770 - 2785 and whe it cross lower level 2681 so it will make fresh low 2665.

                             But at current point Zinc will trade at 2696 level and today data has come also china trade balance pre - 51.35 . Trade watch this level and then take a trade of Zinc or other base metal . 
       

Comments

  1. Every base metal will pull to the down trend no where support for the base metal prices.Epic Research

    ReplyDelete

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