ZINC is continuing its bullish momentum, and there are no signals of weakness where 230-232 - Swastika Investmart
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COMMODITY OUTLOOK
DAILY COMMODITY MARKET UPDATE
NEWS IN HEADLINE
* Top US utility group opposes emissions plan for existing gas plants-source
* Oil steadies at 3-mth highs amid mixed China signals, strong dollars
* Oil holds near three-month high on signs supply is tightening
CHART OF THE DAY
ZINC: ZINC is continuing its bullish momentum, and there are no signals of weakness where 230-232 is an immediate target level. On the downside, 220 is the intraday and immediate support level. While below 220 leads to some further weakness towards 218-216, above 230 will test 233-235 levels.
OUTLOOK:
* Bullion: Day trend is indicating sideways to upside in Gold &Silver.
* Energy: Day trend is indicating uptrend in Crude oil & Natural gas
* Base metals: Day trend is indicating uptrend in all base metals.
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