MCX Zinc Intraday Trading – Research Report

MCX Zinc may note mixed movement today tracking
cues from international exchange however bias remains
weak. LME Zinc trades modestly lower following 1.6% decline
yesterday. Putting pressure on the prices is bleak risk
appetite amid growing trade war worries along with growth
worries in China and nixed trend in equity market. The
downside may however be capped amid recent decline in
stocks at LME and signs of supply squeeze in China.

MCX Zinc may note mixed movement today tracking cues from international exchange however bias remains weak. LME Zinc trades modestly lower following 1.6% decline yesterday. Putting pressure on the prices is bleak risk appetite amid growing trade war worries along with growth worries in China and nixed trend in equity market. The downside may however …