Monday, 1 October 2012

Lead Zinc Charts


LEADMINI CHART FOR THE MONTH OF SEPTEMBER 2012

 

ZINCMINI CHART FOR THE MONTH OF SEPTEMBER 2012

 
The Leadmini looks good on chart and is likely to move sideways. On the contrary the Zincmini is bound to travel downwards. The spread gap keeps on increasing to stand at 11.2. The price of these two metals will largely depend on the US$ vs INR which we are able to observe. What remains to be seen is the new contracts and the open interests building upon them.

Trading these metals intraday can be profitable because the volatility was high in both cases. One point  to note is corrections in these metals can be very high.

Happy trading!!

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