Zinc Thread

[Klewtar]

Thread for sharing trading techniques and news reports linked to Zinc and similar metals.

Why a thread on Zinc?
There is a low starting capital (Less than Rs 7,000) to trade Mini lots and the price ranges for each day are wide enough to generate worthwhile profits.

Metal with similar price performances to Zinc:
Lead

Source of News on fundamentals linked to Zinc:
Google Finance

 

[Klewtar]

Bank of England cuts UK economic growth forecasts

 

[drgargbaran]

Hi sir
what is going on in zn in coming month

 

[Klewtar]

My technical analysis skills are not the best.

It seems that Zinc is going long over the next week.

 

[drgargbaran]

Thank you sir
I also agree with you
in july it will surelly cross 110
i yesterday buy 10 mini lots zn

 

[PitBull]

Any reason why you are buying 10 mini lots and not 2 full size lots?

 

[Klewtar]

I've noticed that on Thursday (26 May) and Friday (27 May) that the best time of the day to go long was around/after 16:30.

While using an hourly chart is risky, I have been noticing a trend (over the last few weeks) where generally, the best time of day to go long (in Zinc at least) is around/after 16:30 in the afternoon.

 

[Klewtar]

News that may have a (negative) effect on metal prices in the near (not the immediate) future:

ECB's Wellink says clear recovery losing steam: MNI

 

[Klewtar]

News that may be linked to why metals may not see gains over the next few days:

Futures edge lower ahead of data (on US labor market and manufacturing)

 

[drgargbaran]

What are you think about zn price in this month....what is the range