MCX Zinc pullback from lower bollinger

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Adjacent chart shows the price movement of MCX Zinc continuous contract. Zinc witnessed pullback from the lower Bollinger band. However, zinc pullback found resistance at the 20DMA and since then zinc has seen a correction. In the near term, 183.50 – 188.50 will act as major resistance on the way up. Since zinc is trading below the daily moving averages, bears have an upper hand. On the way down, zinc can drift lower towards 170 – 167 in the forthcoming trading session. The daily momentum indicator is bullish.

zinc pullback

जिंक ने निचले बोलिंगर बैंड से वापसी की। हालांकि, जिंक खींचने के लिए 20 डीएमए पर प्रतिरोध मिला और तब से जस्ता में सुधार हुआ है। निकट अवधि में, 183.50 – 188.50 रास्ते पर प्रमुख प्रतिरोध के रूप में कार्य करेगा। चूंकि जस्ता दैनिक चलती औसत से नीचे कारोबार कर रहा है, रास्ते में, जस्ता अगले कारोबारी सत्र में 170 – 167 की ओर कम हो सकता है। दैनिक गति संकेतक उत्साही है।

MCX Trend

 

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