Yesterday metal sector was going down. Look at Top Losers chart, if you will excerpt Agri commodities then metal sector commodities can be in top 5 losers list. If you’re planning to sell today any metal, then wait… Today it’s recovery time! But if we look at zinc, I don’t think we should wait for more. Look at my MCX Zinc report by click here.
You can see in the chart, Zinc support is 171.4 level. Yesterday, it had closed at 168.40 (-2.06%). Do you think Zinc will touch 163.2 level before this weekend?
LockCrude oil is going to show the negative price in opening bell. It’s a big trap! You must keep your eyes on $52.90 level. If crude oil breaks this level, then we can see $52.60 today.
If it will remain above to $52.90 then nobody can stop the crude oil to touch $53.20 – $53.40 level.
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If you’re not trading in MCX Agri commodities, then you’re missing golden opportunities. If crude palm oil opens negative, then sell it for 509.6 – 507 levels.
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