Saturday 28 January 2017

ZINC TRENDS

Zinc :



Zinc prices gained tracking LME prices closed up 0.8 percent at $2,790 a tonne buoyed by dollar weakness. The Zinc is in perfect uptrend. Currently Zinc is in strong uptrend and the trend is supported with good volume the open interest is not increasing with trend. Cautious point is buying at higher levels seems decreasing. The Zinc is now trading in overbought level. The Zinc is now trading in overbought level. The oscillator is showing buy signal for short term Zinc is in hold long position. Positional Support for the Zinc is 178. Immediate resistance for Zinc is 193.   


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