LME Zinc futures fell 1.7% to around $3,250 per tonne on January 16, retreating from a near three-year high reached on January 15, after Chinese regulators cracked down on high-frequency trading.
MCX Zinc Tips
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MCX Zinc Trading Zone key level Between 208—214
Gold Silver Reports (GSR) – Now MCX Zinc is getting support key level 210 and below same could see a test of 208 levels and resistance key is 214, a move above could see prices testing 218.
Zinc MCX Upside Resistance Key 217—220
Gold Silver Reports – Technically Zinc MCX market is under long liquidation as market has witnessed drop in open interest by 7% to settle at 9453.
Zinc MCX Market Support Key Level 197
Gold Silver Reports — Technically Zinc market is under long liquidation as market has witnessed drop in open interest by 6.9% to settle at 8020.
Copper-Nickel-Aluminium-Zinc Under Short Covering
Gold Silver Reports — Copper MCX is getting support Key 380 and below same could see a test of 377 level, And resistance Key is now likely to be seen at 386, a move above could see prices testing 389.