Market Overview

Technical Forecast for Zinc

Technical Forecast for Zinc


Zinc just held above the Oct lows at 1813/12. Longs here this week need a stop below 1809 for 1800/1795 then 1779.
Bulls need to see prices above the 2 year trend line at 1908/14. This is a strong resistance area but a break higher could signal continued gains to 1933/37. A break above here then targets 1961, possibly 1970/74. This could mark the high for this week if we stretch this far. Exit all longs & try shorts with stops above 1994.

The preceding article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.

Posted-In: Technicals Markets Trading Ideas


Related Articles

View Comments and Join the Discussion!

Partner Center