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Zinc LME- Upside momemtum have built up for 3200-3225

29 Sept 2017

Quite precisely , LME zinc traded end to end between 3020-3140 levels in last 8-10 trading session , which we said a consolidation phase where buying interest will revive around 3020-3050 levels for target of 3140 levels. Now as the market has approached 3140-3160 resistance levels it might be possible that it breaks it for a quick mode to 3200-3225 levels where next round of selling can be seen for target back to 3150-3160 levels.

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