Post by honeykk » Fri May 21, 2010 9:00 pm

Zinc has moved up by 0.2% in the evening session due to Euro gain against Dollar.

In the opening session Zinc follows the yesterday closing trend and made a intraday high of 87.9. While Zinc intraday low is 86.3.

Total volume for the day is 12716 lots and open interest is around 6305. Support for Zinc can be seen at 85 and 83. Resistance level could be at 88.

14 days RSI for Zinc is at 34 and it is decrease due to higher stock. Today LME Stocks for Zinc is +2105

“Technically, one can short Zinc at 88 with a stop loss of 90 for target of 85,”


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