EPIC RESEARCH MCX Zinc UPDATE OF 13 August 2018

Zinc trading range for the day is 173.6-181.6.

Zinc dropped tracking weakness in LME prices due to a rapid rise in the dollar.

The U.S. Trade Representative’s office said the U.S. would begin collecting 25 percent tariffs on another $16 billion in Chinese goods later this month.

China's foreign exchange reserves increased in July, figures from People's Bank of China showed.

Warehouse stock for Zinc at LME was at 230900mt that is down by -225mt.

SELL ZINC AUG 2018 @ 179.00 SL 181.00 TGT 177.20-175.00.MCX

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