Zinc Report

Technical outlook

Zinc Oct future daily Chart has formed "Ascending broadening wedge" pattern. The last few sessions ended up bearish along with some corrections 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 near 187. The downside rally could be testing all the way up to 185-184 levels in the upcoming sessions. Alternatively, if the market struggles to break the support level, then it might retest the same and revise the trend to bullish/sideways. Key resistance holds at 191.50.

Technical outlook

Zinc Oct future daily Chart has formed "Rising channel" pattern. The last few sessions ended up bearish along with some corrections 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 near 188.50. The downside rally could be testing all the way up to 187-185.50 levels in the upcoming sessions. Alternatively, if the market struggles to break the support level, then it might retest the same and revise the trend to bullish/sideways. Key resistance holds at 191.50. A slide to 193 is also a possibility if the price makes or break above the current resistance level.

Technical outlook

Zinc Sept future 2hr Chart has formed "Rising channel" pattern. The last session ended up retesting near the channel’s support trend line. 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 near 195. The upside rally could be testing all the way up to 196.50-198 levels in the upcoming sessions. Alternatively, if the market struggles to break the resistance level, then it might retest the same and revise the trend to bearish/sideways. Key support holds at 193.50. A slide to 192-190.50 is also a possibility if the price makes or break below the current support level.

Technical outlook

Zinc Sept future daily Chart has formed "Ascending broadening wedge" pattern. The last session ended up bearish along with some corrections 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 near 192. The downside rally could be testing all the way up to 190-188 levels in the upcoming sessions. Alternatively, if the market struggles to break the support level, then it might retest the same and revise the trend to bullish/sideways. Key resistance holds at 198.

Technical outlook

Zinc Sept future daily Chart has formed "Ascending broadening wedge" pattern. The last few sessions ended up bullish along with some corrections 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 near 198. The upside rally could be testing all the way up to 199.50-201 levels in the upcoming sessions. Alternatively, if the market struggles to break the resistance level, then it might retest the same and revise the trend to bearish/sideways. Key support holds at 195. A slide to 193.50 is also a possibility if the price makes or break below the support level.

Technical outlook

Zinc Sept future daily Chart has formed "Ascending broadening wedge" pattern. The last few sessions ended up bullish along with some corrections 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 near 196. The upside rally could be testing all the way up to 198-199 levels in the upcoming sessions. Alternatively, if the market struggles to break the resistance level, then it might retest the same and revise the trend to bearish/sideways. Key support holds at 191.

Technical outlook

Zinc Sept future daily Chart has formed "Ascending broadening wedge" pattern. The last few sessions ended up bullish along with some corrections 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 near 196.50. The upside rally could be testing all the way up to 198-199.50 levels in the upcoming sessions. Alternatively, if the market struggles to break the resistance level, then it might retest the same and revise the trend to bearish/sideways. Key support holds at 192.

Technical outlook

Zinc Sept future daily Chart has formed "Ascending broadening wedge" pattern. The last few sessions ended up bullish along with some corrections 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 near 194.80. The upside rally could be testing all the way up to 196.50-198 levels in the upcoming sessions. Alternatively, if the market struggles to break the resistance level, then it might retest the same and revise the trend to bearish/sideways. Key support holds at 192.50. A slide to 191-189.50 is also a possibility if the price makes or break below the current support level.

Technical outlook

Zinc Sept future daily Chart has formed "Ascending broadening wedge" pattern. The last few sessions ended up bullish along with some corrections 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 near 193. The upside rally could be testing all the way up to 195-196 levels in the upcoming sessions. Alternatively, if the market struggles to break the resistance level, then it might retest the same and revise the trend to bearish/sideways. Key support holds at 191. A slide to 189-188 is also a possibility if the price makes or break below the current support level.

Technical outlook

Zinc Sept future 4hr Chart has formed "Ascending broadening wedge" pattern. The last session ended up bullish after retesting then channel’s support line. 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 near 193. The upside rally could be testing all the way up to 195-196 levels in the upcoming sessions. Alternatively, if the market struggles to break the resistance level, then it might retest the same and revise the trend to bearish/sideways. Key support holds at 191. A slide to 189.50-188 is also a possibility if the price makes or break below the current support level.