MCX Report : 17th August 2018

MCX METALS AND ENERGIES MARKET VIEWS

TECHNICAL VIEW

Zinc August 2018: (previous day close/CMP Rs.166.90)

Bullish over 164.90 with 170.60 and 174.40 as price target.

Bearish below 163.10 with 161.90 and 157.10 as price target.

Neutral Zone: 163.10-164.90

One Support: 164.90

One Resistance: 169.20

o      100% retracement is at 162.70. Zinc can rise to 174.30 by Monday as long as it trade over 162.70.

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