Market Overview

Technical Forecast for Zinc

Technical Forecast for Zinc


Zinc has been fairly directionless over the past few days but we beat 1851/55 to reach strong resistance at 1863 where we did struggle as expected. We advised to exit longs & try shorts with stops above 1870 & we can try this again today. We will look for profit taking at 1851 then 1843. A break below 1835 could then see a drift towards 1827/25.
A break above 1870 today however meets resistance at 1876/79. Watch for a high for the day here but if we push higher we could go for 1892/96.

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Posted-In: Technicals Commodities Markets Trading Ideas


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