Tuesday 20 May 2014

CAPITAL STROKE COMMODITY UPDATE 21 MAY 2014: MCX ZINC


ZINC: - CONSOLIDATE STRATEGY BUY ON DIP R2-126 R1-124 S1-120 S2-118

Zinc prices dropped as pressure seen due to profit booking despite amid speculation demand from China will increase in the near-term.
The global market for refined zinc metal which in deficit by 17kt over the first quarter of 2014 – ILZSG


The Philly Fed President said a strengthening economy may force the Fed to hike rates “sooner rather than later”.


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