Friday, June 15, 2012

Zinc‏ (LME) intraday: the downside prevails.

Pivot: 1915.0

Our Preference: SHORT positions below 1915 with 1866 & 1855 as next targets.

Alternative scenario: The upside penetration of 1915 will call for a rebound towards 1933 & 1953.

Comment: as long as the resistance at 1915 is not surpassed, the risk of the break below 1866 remains high.

Trend: ST Ltd downside; MT Range

By at

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