Zinc
Will Zinc able to breach and close
above 104.50 ??
Well Zinc has Support at
99.00---96.50 and Resistance at 104.50
Looks positive and could test its resistance level of
104.50. Three consecutive closes + weekly close above 104.50 will see non stop
rally in Zinc till 110---113 and then to 118+ mark in days to come
Else it could test its support level of 101.50---99.00 and
then to 96.50 mark
More and more panic will see only weekly close below 96.50
mark
Traders can trade with levels only.
Other base metals like Copper, Lead, Aluminium and Nickel
too looks positive and could test its resistance but we will wait for
confirmation.
