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