mcx zinc weekly technical report for 27 june to 1 july 2016

mcx zinc weekly technical report for 27 june to 1 july 2016
Mcx zinc future on last trading session closed at 137 with gain. Zinc future still outperforming mcx base metals and seeing strong demand in market.
Mcx zinc daily chart, price trend and momentum both are strong bullish. Zinc future continuously holding support and trading above them comfortably. On upside 138.65 and 139.8 are resistance zones. On downside 135.8 and 134.2 are support levels. Zinc above 135.8 remain bullish and buy.
Mcx zinc weekly chart, showing positive closing in this week. After last week negative closing zinc prices sees some buying on lower levels and closed near week high price. Zinc weekly price trend and momentum both are bullish. On downside 131 and 127 are support zones. On upside 139.8 is only resistance. Watch 139.8 for another super bullish breakout.
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Pramod Baviskar

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