Zinc Report

Technical outlook

Zinc daily future 4hr Chart has formed "Falling channel" pattern. The last few sessions ended up sideways 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 204.50. The downside rally could be testing all the way up to 203-201.50 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 206. A slide to 207.50-209 is also a possibility if the price makes or break above the current resistance level.

Technical outlook

Zinc daily future daily Chart has formed "Ascending broadening wedge" pattern. The last few sessions ended up sideways 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 213. The downside rally could be testing all the way up to 211.50-210 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 216. A slide to 217.50 is also a possibility if the price makes or break above the current resistance level.

Technical outlook

Zinc daily future daily Chart has formed "Ascending broadening wedge" pattern. The last few sessions ended up sideways 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 216. The upside rally could be testing all the way up to 217.50-219 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 213. A slide to 211.50 is also a possibility if the price makes or break below the current support level.

Technical outlook

Zinc daily future 4hr Chart has formed "Right angled Ascending broadening wedge" pattern. The last few sessions ended up sideways 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 215. The downside rally could be testing all the way up to 213.50-212 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 216.50. A slide to 218-219.50 is also a possibility if the price makes or break above the current resistance level.

Technical outlook

Zinc daily future 4hr Chart has formed "Right angled Ascending broadening wedge" pattern. The last few sessions ended up sideways 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 218.50. The upside rally could be testing all the way up to 220-221.50 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 217. A slide to 215.50-214 is also a possibility if the price makes or break below the current support level.

Technical outlook

Zinc daily future daily Chart has formed "Ascending broadening wedge" pattern. The last few sessions ended up sideways 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 217.50. The upside rally could be testing all the way up to 219-220.50 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 213.

Technical outlook

Zinc daily future daily Chart has formed "Ascending broadening wedge" pattern. The last few sessions ended up sideways 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 213. The downside rally could be testing all the way up to 211.50-210 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 216. A slide to 217.50 is also a possibility if the price makes or break above the current resistance level.

Technical outlook

Zinc 4hr future daily Chart has formed "Rising channel" pattern. The last few sessions ended up sideways 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 218. The upside rally could be testing all the way up to 219.50-221 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 216. A slide to 214.50-213 is also a possibility if the price makes or break below the current support level.

Technical outlook

Zinc Jan future daily Chart has formed "Ascending broadening wedge" pattern. The last few sessions ended up sideways 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 217.50. The downside rally could be testing all the way up to 216-214.50 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 220.50. A slide to 222 is also a possibility if the price makes or break above the current resistance level.

Technical outlook

Zinc Jan future 4hr Chart has formed "Ascending broadening wedge" pattern. The last few sessions ended up sideways 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 218.50. The downside rally could be testing all the way up to 217-215.50 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 220. A slide to 221.50-223 is also a possibility if the price makes or break above the current resistance level.