Zinc: Sliding down
Near the key Fibonacci level, the base metal faced resistance from the junction of 40-day exponential moving average and the daily upper Bollinger band.
Jeera: Heading south
NCDEX jeera was consolidating near lower end of the reverse channel for last several sessions.
From red metal to lead metal
Lead market to be in a slight deficit this year
Stimulus speculation supporting the industrials in China
The commodities market closed mixed yesterday ahead of the crucial global PMI data due today.