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SHFE 1710 Zinc to Have Strong Support from 10-day Moving Average (2017-8-15)
Aug 15, 2017 09:21Source:SMM
LME zinc has strong support from the 10-day moving average and also meets strong resistance from the 5-day moving average, and is expected to move between USD 2,880-2,930/mt today.
SHANGHAI, Aug. 15 (SMM) – LME zinc has strong support from the 10-day moving average and also meets strong resistance from the 5-day moving average, and is expected to move between USD 2,880-2,930/mt today. New York Fed’s August manufacturing index and retail sales in July will be released today. SHFE 1710 zinc will fluctuate between RMB 23,850-24,300/mt, with spot prices RMB RMB 110-230/mt above SHFE 1709 zinc.
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