Thursday 17 April 2014

CAPITAL STROKE COMMODITY UPDATE 17 APRIL 2014 : MCX ZINC



Zinc trading range for the day is 122.2-125.8.
Zinc gained as support seen after National Bureau of Statistics of China said that Chinese Retail Sales rose to an annual rate of 12.2 per cent.
Encouraging reports from China gave a boost to the market, with its GDP reportedly up 7.4% in the first quarter.
The Fed’s Beige Book indicated that the US economy largely emerged from a weather-induced slump over the past six weeks.

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