Zinc Thread

[Klewtar]

I'd wait for another 2 weeks to go long/buy. Given the new price movements, I estimate that Zinc will drop to ~ 96 Rs by the end of the month, I'd short Zinc till then.

 

[drgargbaran]

Thank you sir
are you work in any other commodity what is your policy there

 

[Klewtar]

Commodity trading is still new to me. I tried trading Lead last week but I am not used to the difference in price ranges and volatility between Zinc and Lead.

Stoch at 60 minutes tends to be more accurate with Zinc than with Lead. I may try to trade with Lead again in a few weeks time.

I usually look at Zinc, Lead and Silver as there is some interlink between the 3 over the short to medium term.

Edit:
As long as the downtrend continues, LeadMini June contracts may reach a low of 105 Rs next week. I only started tracking Lead last week and I'm not that in tune with how Lead moves.

 

[drgargbaran]

lead is not good as compare to zn when prices are decrease lead is going down then zn but trading in zn ld deference toword 0 is alwaws beneficial

 

[Klewtar]

The range of movement during the day seems more for Lead. Trading is still new to me and my capital is tiny so it's too much of a risk for me to trade in Lead due to large movements that can negatively impact me when I the price trends reverse direction.

Zinc and Lead seem to be recovering from the downfall as of 20:00 yesterday. I'm not certain of a full recovery until Zinc passes the Rs 100 mark.

 

[drgargbaran]

klewter sir
Your calculations are very accurate ........please tell me about factors affecting zn price

 

[Klewtar]

@drgargbaran: I am not using fundamentals to make predictions. I am only posting news articles when the news may have a long term negative effect on metal prices.

The ADX indicator on EOD charts for Zinc has the red line over the green line (I had not noticed this fact earlier this month) and until the green crosses over the red line in ADX indicators on EOD charts for Zinc, it may be very unlikely for Zinc to reach the Rs 105 price level.

 

[PitBull]

Klewtar,
Can you please tell me how you do charts for Zinc? Do you get them online somewhere or are you using bhavcopy in a software?

P

 

[Klewtar]

@Pitbull: I chart with Share Khan's Trade Tiger (version 1.)

As of lately, I'm only doing EOD trading with RSI, KST, Stoch and ADX as indicators.

 

[Dhiraj smc]

Can u guide, for a strategy to cover up, i am short on Zinc mini by 2 units @ rs 108.00.

thanks