Sunday 27 July 2014

CAPITAL STROKE UPDATE 28 July-2014 : MCX ZINC





ZINC: -CONSOLIDATE STRATEGY BUY ON DIP R2-148 R1-146 S1-142 S2-140
Zinc settled up as speculation mounted that global demand will exceed supplies.
Zinc inventories monitored by LME have tumbled 30 percent this year to 653,900 metric tons, the lowest since December 2010.

Goldman Sachs Group Inc. forecasts a global production deficit will widen to 154,000 metric tons next year.

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