Weekly Zinc Elliott Wave Analyzer For week beginning Mar 12 th, 2014 1
Elliott wave legends TransGraph Consulting Put Ltd Slide 2
Preferred Elliott wave Count on Zinc3-m Select Forward Long Term According to preferred wave count, LME Zinc 3 month forward prices have culminated the primary wave W at USD 2736 with multiple zigzag formation and primary wave X culminated at USD 1812 with (A B C D E) triangle formation. Now price making intermediate complex corrective wave X within the primary wave Y and high probable culmination point expecting around USD 1950 30region toresumethepositiveintermediatewave Y towards USD 2500 in the coming 6months. TransGraph Consulting Put Ltd Slide 3
Preferred Elliott wave Count on Zinc 3-m Select Forward Short Term LME Zinc 3 Month forward prices have culminated the intermediate wave W at USD 2416 and then unfolding the intermediate complex corrective wave X with zigzagform. Thehighhigh probable culmination point expecting around USD 1950 30 region and price likely to resume the positive trend towards USD 2150 in the coming 2 3 months. TransGraph Consulting Put Ltd Slide 4
Alternative Elliott wave Count on Zinc 3-m Select Forward --Long Term According to Elliott wave alternative scenario, Zinc price trading in cyclical complex corrective wave, within thatt primary wave X has culminated at USD 2416 and trading in bearish mode which h likelyl to extend towards USD 1500 in the coming 6 9 months. TransGraph Consulting Put Ltd Slide 5
Alternative Elliott wave Count on Zinc 3-m Select Forward --Short Term LME Zinc price correcting in zigzag formation as intermediate wave A within the primary bearish wave Y. With in that minor wave b culminated at USD 2171 and resumed the bearish trend in the nature of minor wave c in intermediate wave A and high probable culmination point expecting around USD 1850. TransGraph Consulting Put Ltd Slide 6
Zinc 3-m Select Forward Elliott Wave :Summary Market Mentor s Elliott Wave Analyzer LME Zinc 3 month forwards Week Closing USD 2143 per ton on Mar 12th, 2014 ELLIOTT WAVE PREFERRED ALTERNATE Cycle X Up X Down Primary Y Up Y Down Intermediate t X Down A Down Minor C Down C Down Directional Component 1 2 weeks: Positive 1 2 weeks: Positive 2 4 weeks: Positive ii 2 4 weeks: Mixed 4 6 weeks: Mixed 4 6 weeks: Negative Price Range (for 3 4 Weeks) USD 1930 2150 USD 1930 2080 Mentor s price outlook: Price likely to hold the support of USD 1950 30 region and trade higher towards USD 2150 in the coming 2 3 months. TransGraph Consulting Put Ltd Slide 7
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