Performer Of The Week

Zinc

zinc

Zinc had a phenomenal run with prices rising to 2895 levels and a rise of 13.39 % for the week.Zinc takes the cherry again for being the best base metal of the week.It has been backed by solid fundamentals and there are some day traders who have been looking for a correction for 11 months now !It would be a beautiful sight to see prices above the strategically important 3000 levels. I would like to remind my readers that those who have been caught short on the metal should maintain strict stop losses on the upside as movements like this comes once in a decade and the flow of energy in the counter has been very positive .There are some glitches at these levels and we are awaiting to see when it can signal a strong sell in the counter.We will be informing our readers about such a trend as soon as we are confident about a sustainable down move !

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