Mcx zinc monthly report for December 2016
Mcx zinc future on last trading session closed at 188.2 just above major support of 184 rupee.but current price pattern suggesting big correction is coming for this . For month of December, mcx zinc below 184 will enter bearish trend and head lower for my targets 163 and 140 rupee. This will happen only on weekly breakdown below 184 rupee as prices are rupee in December series also. , showing super bullish trend of commodity and achieved target of 196 rupee. On downside 176 and 139 are long term support zones and mcx zinc might test them on correction.