Monday, 21 July 2014

CAPITAL STROKE UPDATE 22 July-2014 : MCX ZINC



ZINC: - CONSOLIDATE STRATEGY BUY ON DIP R2-145 R1-143 S1-139 S2-137
Zinc settled up continued to vacillate near a 35-month high amid low LME inventories.

LME zinc inventory drop and the Century mine scheduled for closure next year bolstered prices to rise.

Traders are eyeing US June CPI and housing data will be released, which are optimistic, combined with falling LME zinc inventories.

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