Thursday 22 May 2014

CAPITAL STROKE COMMODITY UPDATE 22 MAY 2014:: MCX ZINC

ZINC: - CONSOLIDATE STRATEGY BUY ON DIP R2-125 R1-123 S1-119.5 S2-118
Zinc dropped after the news that Moody’s decided to slash its rating for China’s property market from stable to negative
Prices look to hold support at 120 level as support seen after report that the global refined zinc market moved deeper into deficit in first quarter of 2014

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