Zinc Report

Technical outlook

Zinc July daily Chart has formed "Rising wedge" pattern. The last few sessions ended up in sideways trend inside the channel. The market is expected to continue on the bullish term based on the current price action, once the same breaks above a key resistance holding at 172.50. The upside rally could be testing all the way up to 174-175 levels in the upcoming sessions. Alternatively, if the market struggles to break the resistance level, then it might revise the trend to bearish/sideways. Key support holds at 170.

Technical outlook

Zinc July 4hr Chart has formed "Rising channel" pattern. The last few sessions ended up in sideways trend inside the channel. The market is expected to continue on the bearish term based on the current price action, once the same breaks below a key support holding at 167. The downside rally could be testing all the way up to 165 levels in the upcoming sessions. Alternatively, if the market struggles to break the support level, then it might revise the trend to bullish/sideways. Key resistance holds at 169.

Technical outlook

Zinc July 2hr Chart has formed "Rising channel" pattern. The last few sessions ended up in sideways trend inside the channel. The market is expected to continue on the bullish term based on the current price action, once the same breaks above a key resistance holding at 167. The upside rally could be testing all the way up to 169 levels in the upcoming sessions. Alternatively, if the market struggles to break the resistance level, then it might revise the trend to bearish/sideways. Key support holds at 165.20.

Technical outlook

Zinc July 4hr Chart has formed "Rising channel" pattern. The last few sessions ended up in sideways trend inside the channel. The market is expected to continue on the bullish term based on the current price action, once the same breaks above a key resistance holding at 165.20. The upside rally could be testing all the way up to 167 levels in the upcoming sessions. Alternatively, if the market struggles to break the resistance level, then it might revise the trend to bearish/sideways. Key support holds at 162.20.

Technical outlook

Zinc July 2hr Chart has formed "Ascending broadening wedge" pattern. The last few sessions ended up in sideways trend inside the channel. The market is expected to continue on the bullish term based on the current price action, once the same breaks above a key resistance holding at 164.50. The upside rally could be testing all the way up to 166-167 levels in the upcoming sessions. Alternatively, if the market struggles to break the resistance level, then it might revise the trend to bearish/sideways. Key support holds at 162.50.

Technical outlook

Zinc July 4hr Chart has formed "Rising channel" pattern. The last few sessions ended up in sideways trend inside the channel. The market is expected to continue on the bearish term based on the current price action, once the same breaks below a key support holding at 161.50. The downside rally could be testing all the way up to 160-159 levels in the upcoming sessions. Alternatively, if the market struggles to break below support level, then it might revise the trend to bullish/sideways. Key resistance holds at 165.

Technical outlook

Zinc July 2hr Chart has formed "Ascending broadening wedge" pattern. The last few sessions ended up in sideways trend inside the channel. The market is expected to continue on the bearish term based on the current price action, once the same breaks below a key support holding at 162.30. The downside rally could be testing all the way up to 161-160.50 levels in the upcoming sessions. Alternatively, if the market struggles to break below support level, then it might revise the trend to bullish/sideways. Key resistance holds at 165.

Technical outlook

Zinc July 4hr Chart has formed "Rising channel" pattern. The last few sessions ended up in sideways trend inside the channel. The market is expected to continue on the bullish term based on the current price action, once the same breaks above a key resistance holding at 165. The upside rally could be testing all the way up to 167-168 levels in the upcoming sessions. Alternatively, if the market struggles to break above resistance level, then it might revise the trend to bearish/sideways. Key support holds at 163.

Technical outlook

Zinc June 2hr Chart has formed "Rising wedge" pattern. The last few sessions ended up in sideways trend inside the channel. The market is expected to continue on the bearish term based on the current price action, once the same breaks below a key support holding at 163. The downside rally could be testing all the way up to 161 levels in the upcoming sessions. Alternatively, if the market struggles to break below support level, then it might revise the trend to bullish/sideways. Key resistance holds at 166.

Technical outlook

Zinc June hourly Chart has formed "Rising channel" pattern. The last session ended up in bearish trend after retesting the channel resistance line. The market is expected to continue on the bearish term based on the current price action, testing all the way up to 162.50 levels in the upcoming sessions. Alternatively, if the market breaks above a key resistance holding at 165, then it might turn bullish/sideways mode. Key support holds at 162.50.