Tuesday, 2 April 2013

Zinc news and trend

Trend updated for-Apr/02/2013.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 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 104-106-110-111-
Currently Zinc is in HOLD LONG position Zinc is moving sideways with low volatality so short term investor better to buy if close above 104.6 close below 101.3 sell will happen. The oscillator is showing BUY signal

Intraday Trend-Intraday better to buy above 104.8 and Sell if below101.4

Intraday Resistance of ZINC are 103.7/104.3/107.7/110.7/115.7/118.6/124.1/129.7
Intraday Support of ZINC are 102.5/101.9/98/95.3/90.7/88.2/83.5/79

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