Technical Forecast for Zinc
Zinc did retest 1817 lows as expected but stops below 1812 were not activated & we saw a nice bounce. If we can beat 1836 today look for tricky resistance at 1843. A push through 1851 then opens the door to strong resistance at 1863 where we should struggle. Exit longs & try shorts with stops above 1870.
A break of the low at 1812 should trigger stops for a test of the 18 month trend line at 1779 & what should be a good buying opportunity.
The following article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.