The January futures contract of Zinc Mini on the Multi Commodity Exchange of India rallied in the past week and it eventually broke out of the range between ₹178.75 and ₹182.85. After advancing to ₹184.8, it softened to ₹183. The contract is retesting the resistance-turned-support level of ₹182.85 and is likely to advance henceforth. The contract has also crossed above the 21-DMA, turning the short-term outlook positive.


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Published on January 09, 2020
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