MCX METALS AND
ENERGIES WEEKLY TECHNICAL REPORT
Zinc
31st August 2018: (previous day close/CMP Rs.176.40)
Support: 165.70-168.20-172.30-173.80-174.30
Resistance:
179.80-183.10-185.30-187.10-191.10
o
100 week moving average at 191.10 is the key long term
resistance.
o
Zinc can rise to 191.10 in short term as long as it
trades over 170.70.
o
Immediate support is at 174.30 with 170.40 as key
short term support.
o
Small sell off will be there below 174.30.
o
Remain on the sidelines this week
Natural
gas 28th August 18 (previous day close/CMP Rs.203.20):
Support: 186.30-190.30-194.70-199.20
Resistance:
205.30-207.70-212.20-214.80-218.50
o
100 week moving average at 197.10 is the key support.
o
NG needs to trade over 197.10 to rise to 212.20 and
218.50.
o
Corrections upto 191.50 are a part of the bullish
trend.
o
Small sell off will be there below 197.10.
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