ZOID RESEARCH 25-NOV-2014 : ZINC

Zinc underperformed Lead on the first day of the week and declined by 0.26% closing at $2282.25 MT. Fundamentally, no fresh cues are available for the metal and therefore based on the revised US GDP q/q which is expected to be lower than prior number,the metal might decline during the day. On the other hand Lead, after underperforming Zinc last week’s Friday came back into picture and performed better than Zinc. Lead declined by a mere 0.1% and closed at $2053 MT. As per the latest quote, Zinc and Lead are seen trading around $2285 MT and $2055 MT. We recommend buying Lead and either selling Zinc individually or a spread between Lead and Zinc where in we buy Lead from lower levels and sell Zinc from higher levels.

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