mcx zinc weekly analysis report for 19 to 23 sep 2016

MCX.ZINC - OHLC Six Months_1w 2016-09-18 120823 Mcx zinc future this week closed with loss. This was second weekly loss for this base metal. This week zinc future hit high around 153 while low was near 147. Total 6 rupee or 4% weekly range and another negative closing.   Mcx zinc weekly chart price trend is bullish but momentum is weak on continues profit booking. Zinc prices closed at 13 weeks average level and trading below 6 weeks average level. Weekly chart indicators as well as oscillators are with sell signals.   Mcx zinc below 153.5 given breakdown and hit my target of 150 and below it next target is at 145.5 so expect that target in next week.   For mcx commodity tips on your mobile with support and follow ups visit our subscription section to join us now.

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Pramod Baviskar

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