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MCX Zinc At Crucial support levels 23-March-2018

Zinc Chart shows price movement of MCX Zinc continuous contract. Currently, it is hovering around the medium term trend line support.


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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