MCX ZINC Trading Tips Technical Analysis Chart Graph forecast- Commodity moving up from up channel and 100 DMA support, will favor bulls as long as holds above 137. (Updated on 17th September 2014, (Wednesday).

MCX ZINC

• According to technical chart no1, MCX ZINC is moving in a up channel formation and commodity is now trying to move from support as shown above. As long as holds above Zinc has a high hope for further bull move.
• As per chart no2, Commodity is also moving up from 38.2% fibonacci retracement support zone, this too will favor bulls to take price further up, but if zinc closes below 137 and stays below then will find next support around 134 its 50% fibonacci retracement.
• Also see - MCX ALUMINIUM also moving up from trend line and moving average support, as long as holds above will favor bulls.
• Zinc is also moving up from 100 days moving average. This too will favor. As long as holds above bulls will dominate, closing below will give sign of weakness (as shown in chart no3).
• Suggested Article- National saving certificate of India.
• If zinc moves up from current levels then will find resistance around 140.50, 141.25 and 142.25 its fibonacci retracement levels shown in image no4.
• Click here to see all the trading reports (trading tips) published by us on MCX ZINC.
• Free commodity trading tips mcx.