zinc em up

while zinc gained $35 to $3,585/mt as LME stocks dropped by a net 1,750/mt.

Zinc has underperformed relative to the rest of the complex so far this year, but from a technical standpoint the market's fortunes may have turned, Barcalys Capital suggested in its daily technical strategy report. "Last week was an important one for zinc. The rally and Friday close above trendline/50-day moving average resistance ... effectively signalled the end of the downtrend from the Q4 high," Barclays said. "Consequently, we are switching from bearish to bullish mode; while underpinned above $3,300, our target for the rest of the month is $4,000.



http://www.kitcometals.com/reports/platts/apr112007.html


please do your own research