LME Zinc May Witness Trading At $2040 Steady
CommodityOnline | May 06, 2014 05:42AM ET
3 month forward LME market was closed on Monday and at the local market the most active May contract ended at Rs. 123.75 up by Rs. 0.25 from its previous close. This morning at LME, zinc is seen trading at $2040 steady from its previous close. We believe the commodity may remain subdued on today’s trading session while the technical chart suggests at LME the prices are expected to see a moderate gain. Therefore, we are recommending buying Zinc on today’s trading session.
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