mcx zinc weekly outlook for 19 to 23 oct 2015

zinc future this week closed at 116 with loss.
zinc 5 weeks trend channel is up
and 20 weeks trend channel is down.
weekly chart RSI is at 42 with buy signal.
mcx zinc weekly support zones are 114.65 and 110.
mcx zinc weekly resistance zones are 120.25 and 124.5.
mcx zinc weekly trading call will be
buy mcx zinc future near 113-114 on correction
with strict stop loss for targets 120.25 and above.

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Pramod Baviskar

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