MCX Zinc found support near the lower end of the range
Zinc is trading sidelong since mid-November which can be seen on the daily chart. Recently it found support near the lower end of the range and bounced back breaching the daily moving averages on the upside. If the base metal manages to stay above them on a closing basis the next hurdle is placed at 227.00 which is the upper end of the range. Until and unless there is a clear breakout on either side the metal will continue consolidating sideways.
