Zinc futures falls off a resistance
The continuous contract of zinc on the Multi Commodity Exchange (MCX) rallied on Monday to mark a high of ₹285.85. It has softened a bit and is now trading around ₹280. The price band of ₹286-292 is a considerable resistance and a rally beyond these levels is less likely. Notably, the contract has not rallied […]
Crude oil prices gain as China fuels hopes of demand recovery
Crude oil traded higher on Monday morning following the hopes of demand recovery in China. At 10 am on Monday, March Brent oil futures were at $79.46, up by 1.13 per cent, and February crude oil futures on WTI were at $74.70, up by 1.26 per cent. January crude oil futures were trading at ₹6,172 […]