Tuesday, 8 July 2014

CAPITAL STROKE UPDATE 9-July-2014 : MCX ZINC



ZINC: - CONSOLIDATE STRATEGY BUY ON DIP R2-140 R1-138 S1-134 S2-132
Zinc raced to its highest in nearly three years on expectations of tightening supplies.Zinc prices also seen supported this year, lifted by expectations that mine closures and declining ore grades would lead to shortages.Doubts about the outlook for European demand remain, however, with recent data from Germany
pointing to a soft patch.

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