Sunday 8 January 2017

MCX TRENDS


Zinc :


Zinc prices are following trend line from a long time and we can see that the price can pull back up to major suppo0rt 166. Sustaining on overbought zone, pullbacks can be we are expected in Zinc. From last week we can see that there were some corrections taking place. This can lead to 178 handle. Analysts said the weakness in zinc at futures trade was mostly attributed to trimming of positions by speculators amid a weak trend at the domestic spot markets but firm overseas trend capped the losses.


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