Top two commodities to watch out for Oct 06
India Infoline News Service | Mumbai | October 06, 2017 16:28 IST
Zinc prices have been trading in a higher top higher bottom
formation where prices have taken support at uptrend line at 215.80 levels.
We expect prices could shoot up if it breaks its upper band of the trading range at 216.90 levels. upside targets would be 219 followed by 220.
Natural gas prices have been trading near its multiple support level of 190 if prices unable to break the mentioned level, then we might see natural gas heading higher towards 195 as it happens to be its next immediate resistance, however, breach of 195 could open prices for 197 levels. Buying confirmation would come only above 192 level.