mcx zinc weekly technical analysis for 21 to 25 march 2016
Mcx zinc future this week closed with gain. Prices are consolidating in range before next major move. Zinc future is trading near highs with strong bullish momentum. On downside,has 117 rupee major support and above it outlook and trend will remain bullish for target 127 and 132+. Traders with long positions must keep strict stop loss below 117 for targets 127 and 132. Below 117 expect downcycle or bearish trend for target 113 and below.