mcx zinc weekly Technical analysis for 28 dec to 1 jan 2016

mcx zinc weekly Technical analysis for 28 dec to 1 jan 2016
mcx zinc future this week closed with gain at 101.15.
mcx zinc weekly chart price trend is down but momentum
is strong bullish on reocvery phase.
 
 
For medium term, mcx zinc support zones are 100 and 94.6.
On upside expect strong resistance at 105.75 and 111.3 levels.
 
 
For next week , zinc prices may continue to recover so
keep buy on dips view for mcx zinc future with stop loss
below 100 for target 105.75 and 113.
 
 
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Pramod Baviskar

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