Zinc trend 28/03/2013

Trend updated for-Mar/28/2013.CMP-103 Overall trend of the Zinc is bearish for medium-long term .Currently Zinc is in strong downtrend but volume is unsatisfactory The open interest is not increasing with trend .. The Zinc is now trading in highly oversold level. The Zinc is now trading in highly oversold level. The oscillator is showing BUY signal For short term Zinc is in HOLD SHORT position.Positionally Immediate support for Zinc is 101.Resistance for the Zinc is 104-105-107-111-

Currently Zinc is in HOLD SHORT position Zinc is in sideways so for short term better buy above 103.6 with stop at 101.3 The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 103.6 with a stop at 102 Below 101.6 go for sell and put stop at 103.2

Intraday Resistance of ZINC are 103.4/104.1/107.1/110/115.1/117.9/123.4/129.1
Intraday Support of ZINC are 101.8/101.1/97.4/94.7/90.1/87.6/83/78.5

Zinc trend 26/03/2013

Trend updated for-Mar/26/2013.CMP-104 Overall trend of the Zinc is bearish for medium-long term .Currently Zinc is moving sideways The Zinc is now trading in highly oversold level. The Zinc is now trading in highly oversold level. The oscillator is showing BUY signal .In last 1 month volatality is very less Buy the Zinc above 108 or buy with strict stop at 102. The Zinc is now trading in highly oversold level. The Zinc is now trading in highly oversold level. The oscillator is showing BUY signal For short term Zinc is in HOLD SHORT position.Positionally Immediate support for Zinc is 102.Resistance for the Zinc is 105-108-111-

Currently Zinc is in HOLD LONG position Zinc is moving sideways so short term investor better to buy only above 105.75 or hold with stop at 103.55 The oscillator is showing BUY signal

Intraday Trend- Buy is advised above 105.6 with a stop at 103.6 Below 103.1 go for sell
Intraday Resistance of ZINC are 105.1/105.7/109.4/112.3/117.4/120.3/125.9/131.5
Intraday Support of ZINC are 103.6/103/99.6/96.8/92.2/89.7/85/80.4

Zinc news 25/03/2013

MCX Zinc has provided a classic breakout from the downward sloping parallel channel which is quite positive for the bulls in the short term. It has posted a positive weekly close after four consecutive negative close which increases the probability of a bounce back till 388.2 percent to 50 percent retracement level which are 108.90 to 110.80 levels respectively. The support on the lower side is now pegged at 103.50 and below that 102.40 levels

Zinc news 25/03/2013

Trend updated for-Mar/25/2013.CMP-105 Overall trend of the Zinc is bearish for medium-long term .Currently Zinc is in strong downtrend and the trend is supported with good volume The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. The Zinc is now trading in oversold level. The Zinc is now trading in oversold level. The oscillator is showing BUY signal For short term Zinc is in HOLD SHORT position.Positionally Immediate support for Zinc is 102.Resistance for the Zinc is 106-109-111-112-

Currently Zinc is in HOLD LONG position In short term Zinc is in strong up trend so hold with stop at 104 The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 106.6 with a stop at 104.5 Below 103.9 go for sell with a stop at 106

Intraday Resistance of ZINC are 106.2/107.1/109.7/112.6/117.7/120.6/126.2/131.9
Intraday Support of ZINC are 104.3/103.4/99.9/97.1/92.5/89.9/85.3/80.7

Zinc can bounce to Rs 108-109

As can be seen from the chart, MCX Zinc formed a large wedge pattern, which got over at the high of 119.10. From there, the commodity has fallen sharply. It is falling in a channelised manner and has fallen below the 61.8% retracement of the previous rise. As a result of the sharp move, the daily momentum indicator was beaten down into the oversold territory and is now recovering from there. A higher time frame, ie the weekly chart, shows that the base metal has fallen from the weekly upper Bollinger Band towards the lower Band and has taken support there. All these signs suggest that zinc can surpass the upper end of the falling channel and can bounce till 108-109. The reversal can be revised to the recent low, ie 102.45(http://www.moneycontrol.com/news/brokerage-recos-commodities/zinc-can-bounce-to-rs-108-109-sharekhan_841979.html)

Zinc news 22/03/2013

Trend updated for-Mar/22/2013.CMP-104 Overall trend of the Zinc is bearish for medium-long term .Currently Zinc is in strong downtrend but volume is unsatisfactory The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. The Zinc is now trading in oversold level. The Zinc is now trading in oversold level. The oscillator is showing BUY signal For short term Zinc is in HOLD SHORT position.Positionally Immediate support for Zinc is 102.Resistance for the Zinc is 105-106-109-111-112-

Currently Zinc is in HOLD LONG position The Zinc is not giving any clear signal So buy only if close above104.85 and sell below 102.45 The Zinc is now trading is approaching oversold level. The oscillator is showing BUY signal

Intraday Trend-The Zinc closed in a confusion manner So buy for intraday only above 105.7 with a stop at 103.5 If opens below 103.5 or trade below 103 be cautious or go for sell with stop at 105.1
Intraday Resistance of ZINC are 104.9/105.4/109.2/112.2/117.3/120.1/125.7/131.4
Intraday Support of ZINC are 103.7/103.2/99.4/96.7/92/89.5/84.8/80.3

Copper news

Trend updated for-Mar/21/2013.CMP-104 Overall trend of the Zinc is bearish for medium-long term .Currently Zinc is in strong downtrend with good momentum and the trend is supported with good volume The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. The Zinc is now trading in oversold level. The Zinc is now trading in oversold level. The oscillator is showing SELL signal For short term Zinc is in SELL position.Positionally Immediate support for Zinc is 102.Resistance for the Zinc is 105-106-109-111-112-

Currently Zinc is in HOLD SHORT position Zinc is showing some Up momentum So buy above 104.0 with stop at 102.45 The Zinc is now trading in highly oversold level. The oscillator is showing BUY signal

Intraday Trend- Buy is advised only above 105.3 with a stop at 103.1 Below 102.6 go for sell and put stop at 104.7
Intraday Resistance of ZINC are 104.3/104.7/108.9/111.8/116.9/119.8/125.3/131
Intraday Support of ZINC are 103.5/103.1/99.1/96.3/91.7/89.2/84.5/80

ZINC NEWS

Metals: Base metal futures on MCX were trading higher due to the weakness in rupee against the dollar, but a rangebound movement in benchmark contracts on the London Metal Exchange limited the rise. On LME, base metal contracts traded higher earlier in the day on bargain buying and as the initial shock over the Cyprus debt deal eased to some extent

ZINC NEWS

MCX Copper April : Buy around 416 levels with a stop loss placed below 413 levels for targets of 420 levels.
MCX Nickel March : Buy around 910 levels with a stop loss placed below 895 levels for targets of 930 levels.

MCX Lead March : Buy around 117.50 levels with a stop loss placed below 116.50 levels for targets of 119 levels.

MCX Zinc March : Buy around 103.50 levels with a stop loss placed below 102.50 levels for targets of 105.50 levels.

MCX Aluminium March : Buy around 107.50 levels with a stop loss placed below 106.50 levels for targets of 109 levels

ZINC NEWS

The global zinc market was in surplus by 40,000 tonnes in January, a monthly bulletin from Lisbon-based International Lead and Zinc Study Group (ILZSG) showed on Monday.
Fundamental Outlook:

Industrial metals are trading marginally lower today. We expect prices to remain under pressure on account of given renewed concerns of a euro zone crisis and only moderate demand growth from top consumer China.

ZINC NEWS

Trend updated for-Mar/20/2013.CMP-104 Overall trend of the Zinc is bearish for medium-long term .Currently Zinc is in strong downtrend with good momentum and the trend is supported with good volume The open interest is not increasing with trend .. The Zinc is now trading in oversold level. The Zinc is now trading in oversold level. The oscillator is showing SELL signal For short term Zinc is in SELL position.Positionally Immediate support for Zinc is 102.Resistance for the Zinc is 106-107-110-111-112-

Currently Zinc is in HOLD SHORT position The Zinc is in downtrend For short term buy only if close above 104.0 The Zinc is now trading in highly oversold level. The oscillator is showing SELL signal

Intraday Trend- Buy is advised only above 104.8 with a stop at 102.7 Below 102.2 go for sell and put stop at 104.3
Intraday Resistance of ZINC are 104.2/104.8/108.3/111.2/116.3/119.2/124.7/130.3
Intraday Support of ZINC are 102.8/102.2/98.5/95.8/91.2/88.7/84/79.5

ZINC NEWS

Trend updated for-Mar/19/2013.CMP-103 Overall trend of the Zinc is bearish for medium-long term .Currently Zinc is in strong downtrend and the trend is supported with good volume The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. The Zinc is now trading in oversold level. The Zinc is now trading in oversold level. The oscillator is showing BUY signal For short term Zinc is in SELL position and closed below 1 month low with volume signals down breakout.Positionally Immediate support for Zinc is 102.Resistance for the Zinc is 106-107-110-111-112-

Zinc and closed below 1 week low with volume signals down breakoutCurrently Zinc is in SELL position The Zinc is in downtrend For short term buy only if close above 105.0 The Zinc is now trading is approaching oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 104.1 with a stop at 101.8 Below 101.2 go for sell
Intraday Resistance of ZINC are 103.2/103.8/104.7/108.1/111.1/116.1/119/124.5/130.2
Intraday Support of ZINC are 102.1/101.5/100.6/98.4/95.6/91/88.5/83.9/79.4

Zinc news

Trend updated for-Mar/18/2013.CMP-105 Overall trend of the Zinc is bearish for medium-long term .Currently Zinc is in strong downtrend with good momentum but volume is unsatisfactory The open interest is not increasing with trend .. The Zinc is now trading in oversold level. The Zinc is now trading in oversold level. The oscillator is showing BUY signal For short term Zinc is in SELL position.Positionally Immediate support for Zinc is 105.Resistance for the Zinc is 107-108-111-112-

Currently Zinc is in HOLD SHORT position The Zinc is not giving any clear signal So buy only if close above108.0 and sell below 104.6 The oscillator is showing SELL signal

Intraday Trend-The Zinc closed in a confusion manner So buy for intraday only above 105 with a stop at 104.4 If opens below 104.4 or trade below 104.4 be cautious or go for sell with stop at 105
Intraday Resistance of ZINC are 104.8/105/109.7/112.6/117.7/120.6/126.2/131.9
Intraday Support of ZINC are 104.6/104.4/99.9/97.1/92.5/89.9/85.3/80.7

US Zinc consumption may grow by 3% on recovery in US housing market: Barclays

In China, refined output is also recovering, hitting a high for the year in December. Again, it looks like higher TCs are encouraging smelters to increase output. With mine production globally still growing strongly there’s certainly the raw material for further increases in metal supply.