Commodity Market Forecast for the Week (16th – 20th May ’11)

Zinc could be bullish. As we saw last week, zinc was in uptrend. For the next week, if it sustains above the level of 98.45 then above the level of 99.05 it could reach around the level of 100.65.  So, in zinc one should go for buy on lower level strategy.

In Agri Chana could be bullish. Last week also Chana showed an uptrend. For the next week if it sustains above the level of 2465 then above the level of 2477 it could reach around the level of 2520. So, also in Chana one should go for buy on lower level strategy.