mcx zinc future hit another fresh low this week

mcx zinc weekly forecast for 23 to 27 nov 2015
mcx zinc future this week extended losses and closed at 101.8.
this was sixth losing week for this commodity and prices
are at record low levels.
after making low at 98 zinc given sharp bounce back
so closed significantly higher than low.
mcx zinc future next week support zones are 100 and 97
these will be target zones in current downtrend.
on upside 105 and 107 are strong resistances.
investors must keep buy and accumulate on decline
strategy for long term target of 124+.

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Updated: 22/11/2015 — 9:10 PM

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Pramod Baviskar

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