Navigation
”crude

Zinc Channel Breakdown



Adjacent chart shows price movement of MCX Zinc continuous contract. It was trading in a rising channel. However, in Tuesday’s trading session, Zinc closed below the lower end of the rising channel. The short term uptrend has reversed and rise towards 205 – 208.50 can be considered as a selling opportunity. On the way down, it is likely to drift lower towards 196 – 191 in the coming trading sessions. The momentum indicator is in negative mode.

Share

Shubhlaxmi

Shubhlaxmi Commodity is a Free portal where you are provided all market such as Commodity stocks futures and Currency Like USD To INR and internatinol live market prices and live charts and Free support and resistance level

Post A Comment: