Zinc Outlook

Zinc future contract faces a bounce in the past week. Zinc contract has been trading flat at Rs.210 for a past couple of days.
The zinc is currently trading at Rs.212 per Kg. The zinc contract is in the Bearish momentum.
Their immediate outlook is not clear. The Zinc value has been falling continuously and it gain slowly.
But the zinc contract has a positive trend to reach above Rs.220 if demand rises and on the other hand, it may have a chance for bouncing from its range Rs.216.
The aggressive investors with a medium term perspective can invest in zinc. The Zinc contracts are not suitable for moderate investors because it have a high risk for traders.

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