Friday 31 August 2018

Mcx Zinc and Comex Silver Report : 31st August 2018


Zinc September 2018: (previous day close/CMP Rs.175.95)
Bullish over 176.00 with 180.10 and 182.20 as price target.
Bearish below 174.40 with 172.70 and 170.30 as price target.
Neutral Zone: 174.40-176.00
One Support: 174.40
One Resistance: 178.00
o      Zinc needs to trade over 173.70 till Monday to rise to 180.70 and 183.30.
o      Remain on the sidelines at current price.
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COMEX FUTURES REPORT

COMEX SILVER DECEMBER 2018 – current price $1462.00
Bullish over $1460.50 with $1492.00 and $1514.00 as price target
Bearish below $1448.00 with $1431.50 and $1406.00 as price target
Neutral Zone between: $1448.50-$1460.50
Jobbers aggressive buy over: Buy at $1425 strict stop loss $1416 for $1509 –
Jobbers sell below: Sell if silver does not break $1500.
·       Silver needs to trade over $1430-$1450 zone till next week  to rise to $1520.
·       Remain on the sidelines at current price.
·       Small sell off will be there below $1460.

HAPPY PROFITABLE TRADING & HAVE A GREAT WEEKEND

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