MCX Zinc At Crucial support levels 23-March-2018

Zinc Chart shows price movement of MCX Zinc continuous contract. Zinc has seen a sharp fall from 230 levels. Currently, it is hovering around the medium term trend line support. In the past few trading session, Zinc has consolidated in the range of 207.75 – 214.90. Therefore, a break on either side of the range can decide the near term trend. If it breaches the lower end of the range then it can drift lower towards 203 – 198.50. However, it breaks the upper end of the trading range then it can see a bounce towards 216.60 – 220.30. The momentum indicator has turned bullish.
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