Friday, October 19, 2012

Zinc‏ (LME) intraday: the downside prevails.

Pivot: 1925.0
Our preference: SHORT positions below 1925 with targets @ 1898 & 1890.
Alternative scenario: The upside penetration of 1925 will call for a rebound towards 1938 & 1950.
Comment: as long as 1925 is resistance, likely decline to 1898.




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