CHART OF ZINCMINI FROM 14TH
AUGUST TILL 17TH SEPTEMBER
Zincmini has been traveling above the 15 days average mark from
the beginning of this month. The last two trading sessions ie 15th
and 17th it has shown some
weakness. We will have to wait and see if this trend will prolong or not. Because
other metals are rising and the value of US$ is fluctuating.
Bases on the last candle
from the chart pattern the Zincmini gives a sell warning
CHART OF LEADMINI FROM 14TH
AUGUST TILL 17TH SEPTEMBER
Like the Zincmini the Leadmini
too has had a good run and now it is showing a sideways trend. It could even be
a consolidation phase for Leadmini. The price is comfortable placed above the
15 days average. If the Price begins to climb down to meet the trend line of 15
days average, it will signal a reversal and a sell mode will set in. until then
we can assume they are in a Bullish zone.
Regarding the leadzinc
spread, it now stands at 9.7 which is the highest since January this year. If
we see a significant change of patterns both in Zincmini and Leadmini we could
initiate a spread. I shall write about it
in my next post.
Happy trading!!
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