mcx zinc weekly technical outlook for 16 to 20 nov 2015

mcx zinc this week closed at 106.65 with loss.
this was fifth losing week for zinc prices.
zinc future price trend and momentum both are bearish
and prices are in oversold area on weekly chart.
mcx zinc weekly support zones are 105 and 103.
mcx zinc weekly resistance zones are 108 and 111.
mcx zinc future weekly trading call will be
expect 105 and 103as downside targets for shorts.
 
for long term investors, sub 100 rupee levels will be best
buy and accumulate opportunity with 6 to 12 month
price target 119+ rupees.

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Updated: 15/11/2015 — 12:20 PM

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Pramod Baviskar

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