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Tuesday, January 5, 2016

Lead and Zinc crashed vertically .... What next ??





Base metals turns negative after making day high. Let’s have a look on our today’s recommendations and future course of action in Base metals.



Today... We recommended sell call in Lead below 116. Just made a low of 114.35




Too recommended selling in Zinc around 104.80. Just made a low of 103.75.





Now what to next???


Lead below 114... will see further panic in lead till 113---112 mark. More and more panic will see only weekly close  below 112.


Zinc.. Support and target intact 103. Close below 103.00 will see further panic till 101---99.50 mark.


Already booked part profit and now revise stop loss at cost to cost.








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