GEPL Capital
Published on 17/11/2017 2:35:02 PM

LME Inventories: Aluminium -3675 Copper -3850 Nickel -1188 Lead -100 Tin Unchanged Zinc -2475

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Enrich Commodities India Pvt.Ltd
Published on 17/11/2017 12:04:17 PM

ZINC

Technical view: 

Zinc is in short term bears phase. The daily Technical chart of zinc displays an ascending triangle which is generally considered to be a continuation pattern. Strong support holds at 206.40. If it breaks and closes an hourly candle, a fall in the support price is likely towards 204.50-200. Resistance holds at 209. Sell on rise would be a better trading strategy in this current market scenario.

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