Tuesday, 22 November 2016

DOLLAR ADVISORY MCX ZINC UPDATE OF 22 Nov 2016

Zinc trading range for the day is 172.2-177.8. Zinc gained as investors allocated into the beaten-down sector on prospects that rising oil prices will stoke inflation into next year. The global zinc market deficit narrowed to 19,900 tonnes in September from an upwardly revised deficit of 26,000 tonnes in August Clues on future U.S. policy under Donald Trump rather than economic data will likely dominate minds and markets in the week ahead.
 
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Zinc trading range for the day is 172.2-177.8. Zinc gained as investors allocated into the beaten-down sector on prospects that rising oil prices will stoke inflation into next year. The global zinc market deficit narrowed to 19,900 tonnes in September from an upwardly revised deficit of 26,000 tonnes in August Clues on future U.S. policy under Donald Trump rather than economic data will likely dominate minds and markets in the week ahead. - See more at: http://investmentguruindia.com/CommoditiesReports/Crudeoil-trading-range-for-the-day-is-3107-3425---Kedia#sthash.7GD3JjoO.dpuf

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