Zinc

#1
What is the outlook for zinc for august 2009.
From last few days it could not sustain at higher levels and forming some doji like patterns on daily chart. what should i do? buy or sell?
 
#2
What is the outlook for zinc for august 2009.
From last few days it could not sustain at higher levels and forming some doji like patterns on daily chart. what should i do? buy or sell?
Hi there. As u are ware that global markets are at a crucial juncture be it asian, european or US. Most of them are at there 2009 highs. In last few days i can feel some plateuing happening for the indexes and as the base metal pack is working in unison with indices these days i can see a bit of resistance there as well particularly after yesterdays price action. However the problem is that base metals are in a strong upmove current and this bout may be short lived. So my advise would be to go short with well placed SL and well defined Tgt. With deep poackets u might use 84 plus as the SL on zinc and target say 72-75 over next few days. Good Luck

Its just an advice and u should think thrice befotre going in this trade as i myself is neutral on base metals at the moment
 
#3
Hi there. As u are ware that global markets are at a crucial juncture be it asian, european or US. Most of them are at there 2009 highs. In last few days i can feel some plateuing happening for the indexes and as the base metal pack is working in unison with indices these days i can see a bit of resistance there as well particularly after yesterdays price action. However the problem is that base metals are in a strong upmove current and this bout may be short lived. So my advise would be to go short with well placed SL and well defined Tgt. With deep poackets u might use 84 plus as the SL on zinc and target say 72-75 over next few days. Good Luck

Its just an advice and u should think thrice befotre going in this trade as i myself is neutral on base metals at the moment
In my opinion world markets have broken out of their range atleasr for a short term jump. if i was short on any basemetal, i would like to exit today itself.
 
#4
HI,

As per my understanding, all the base metals should be short for the last 2 months considering the 4 month period. But it started falling down well and increased after 15 days and started gaining liek anything up to 2 days before. But it is still not crossed the barrier and still in short position. What ever gained in last 15 days it is all eaten away by day before yesterday. Today it is again bounced back.

All together what i can say is the base metal market is so volatile and not abel to predict anything for long term.

As of now for long term

Copper - Keep quite for soem time don't do anything
Silver - Short
Gold - Short.

Aluminium - Long

This is my personnel opinion.

Thanks!
Venki.
 
#5
HI,

As per my understanding, all the base metals should be short for the last 2 months considering the 4 month period. But it started falling down well and increased after 15 days and started gaining liek anything up to 2 days before. But it is still not crossed the barrier and still in short position. What ever gained in last 15 days it is all eaten away by day before yesterday. Today it is again bounced back.

All together what i can say is the base metal market is so volatile and not abel to predict anything for long term.

As of now for long term

Copper - Keep quite for soem time don't do anything
Silver - Short
Gold - Short.

Aluminium - Long

This is my personnel opinion.

Thanks!
Venki.
which level u r thinking as barrier for zinc
 

abhinkoi

Active Member
#6
Consider 91.65-91.80 range of ZINC as the strongest resistance on weekly levels. If it manages to close above this then it will head for 102.8-105.6

Cheers
Abhinav
 

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