Monday, 18 March 2013

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

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