mcx zinc weekly forecast for 12 to 16 oct 2015

zinc future this week closed at 119.3 with gain.
mcx zinc 5 weeks trend channel is down.
and 20 weeks trend channel is downtrend.
weekly chart RSI is at 46 with buy signal.
zinc weekly support zones are 118.5 and 108.
zinc weekly resistance zones are 122.4 and 126.5.
mcx zinc future weekly trading call will be
sell zinc oct future near 122,4+ with strict stop loss
for targets 118.5 and below.

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Pramod Baviskar

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