Zinc

Technical outlook

Zinc daily chart has formed “Broadening bottom” pattern. The last session ended up strongly bearish in trend inside the channel. The market is expected to continue on the bearish momentum, testing all the way through 198-195 levels and furthermore in the upcoming sessions. Alternatively, if the market breaks above a previous support which has now become a resistance at 205, then it might turn bullish once again. Key support holds at 195.

Research Report call:

Technical outlook

Zinc daily chart has formed “Broadening bottom” pattern. The last session ended up consolidated near a key support zone near 205 inside the channel. The market is expected to continue on the bearish momentum, once the same breaks below the key support. The downside rally could test all the way through 203-200 levels and furthermore in the upcoming sessions. Alternatively, if the key support holds strong then the market might have a chance to retest the same and turn bullish. Key resistance holds at 210.

Research Report call:

Technical outlook

Zinc daily chart has formed “Broadening bottom” pattern. The last session ended up strongly bearish in trend inside the channel. The market is expected to continue on the bearish momentum, once the same breaks below a key support holding at 205. The downside rally could test all the way through 203-200 levels and furthermore in the upcoming sessions. Alternatively, if the key support holds strong then the market might have a chance to retest the same and turn bullish. Key resistance holds at 210.

Research Report call:

Technical outlook

Zinc daily chart has formed “Rising wedge” pattern. The last session ended up strongly bearish candle but prices hold on support line at 208, if break below support line then technical aspects of the pattern the market is expected to continue on the bearish momentum, testing all the way through 206-205 levels in the upcoming sessions. Alternatively, the market doesn’t break below then turn small correction over positive momentum. The upside rally could test 211-213 levels. Key resistance holds at 213 and support at 208.

Research Report call:

Technical outlook

Zinc daily chart has formed “Broadening bottom” pattern. The last few sessions ended up bearish in trend after retesting near the channel’s resistance slope line. The market is expected to continue on the bearish momentum, testing all the way through 210-206 levels and furthermore if it breaks below the key support holding at 205 in the upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish. Key resistance holds at 216.

Research Report call:

Technical outlook

Zinc daily chart has formed “Broadening bottom” pattern. The last few sessions ended up retesting near the channel’s resistance slope line. The market is expected to continue on a bullish momentum, once the same breaks above a key resistance holding at 219. The upside rally could test all the way through 221-223 levels in the upcoming sessions. Alternatively, if the key resistance holds strong then the market might retest the same and turn bearish. The downside rally could test 216-214 levels. Key support holds at 214.

Research Report call:

Technical outlook

Zinc daily chart has formed “Rising channel” pattern. The last few sessions ended up bullish in trend near the channel’s resistance slope line. The market is expected to continue on a bullish momentum, once the same breaks above a key resistance holding at 219. The upside rally could test all the way through 221-223 levels in the upcoming sessions. Alternatively, if the key resistance holds strong then the market might retest the same and turn bearish. The downside rally could test 216-214 levels. Key support holds at 214.

Research Report call:

Technical outlook

Zinc daily chart has formed “Rising channel” pattern. The last few sessions ended up bullish in trend near the channel’s resistance slope line. The market is expected to continue on a bullish momentum, once the same breaks above a key resistance holding at 218.50. The upside rally could test all the way through 220-223 levels in the upcoming sessions. Alternatively, if the key resistance holds strong then the market might retest the same and turn bearish. The downside rally could test 215-213 levels. Key support holds at 213.

Research Report call:

Technical outlook

Zinc daily chart has formed “Falling wedge” pattern. The last few sessions ended up bullish in trend as the prices have already broken out the channel’s resistance slope line. The market is expected to continue on a bullish momentum, testing all the way through 219-221 levels in the upcoming sessions. Alternatively, if the market breaks below a key support holding at 215. The downside rally could test 212.50-210 levels. Key resistance holds at 221.

Research Report call:

Technical outlook

Zinc daily chart has formed “Falling wedge” pattern. The last session ended up bullish in trend as the prices have already broken out the channel’s resistance slope line. The market is expected to continue on a bullish momentum, testing all the way through 218.50-220 levels in the upcoming sessions. Alternatively, if the market breaks below a key support holding at 214. The downside rally could test 212-210 levels. Key resistance holds at 220.

Research Report call:

Technical outlook

Zinc daily chart has formed “Falling wedge” pattern. The last few sessions ended up consolidated but overall bullish in trend as the prices have already broken out the channel’s resistance slope line. The market is expected to continue on a bullish momentum, once the same breaks above a key resistance holding at 216. The upside rally could test all the way through 218-220 levels in the upcoming sessions. Alternatively, if the resistance holds strong then the market might retest the same and turn bearish. The downside rally could test 213-210 levels. Key support holds at 210.

Research Report call:

Technical outlook

Zinc daily chart has formed “Falling wedge” pattern. The last session ended up consolidated but bearish in trend as the prices have already broken out the channel’s resistance slope line. The market is expected to continue on a bullish momentum, once the same breaks above a key resistance holding at 217. The upside rally could test all the way through 218-220 levels in the upcoming sessions. Alternatively, if the resistance holds strong then the market might retest the same and turn bearish. The downside rally could test 213-210 levels. Key support holds at 210.

Research Report call:

Technical outlook

Zinc daily chart has formed “Falling wedge” pattern. The last session ended up bullish in trend as the prices have broken out the channel’s resistance slope line. The market is expected to continue on a bullish momentum, testing all the way through 218-220 levels in the upcoming sessions. Alternatively, if the market breaks below a key support holding at 212 then it might turn bearish. The downside rally could test 210-205 levels. Key resistance holds at 220.

Research Report call:

Technical outlook

Zinc daily chart has formed “Falling wedge” pattern. The last session ended up bullish in trend near the channel’s resistance slope line. The market is expected to continue on a bullish momentum, once the same breaks above a key resistance holding at 212. The upside rally could test all the way through 214-216 levels in the upcoming sessions. Alternatively, if the resistance holds strong then the market might retest the same and turn bearish. The downside rally could test 209-205 levels. Key support holds at 205.

Research Report call:

Technical outlook

Zinc daily chart has formed “Falling wedge” pattern. The last session ended up bearish in trend after retesting near the channel’s resistance slope line. The market is expected to continue on a bearish momentum, once the same breaks below a key support holding at 205. The downside rally could test all the way through 203-200 levels in the upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish. The upside rally could test 208-212.50 levels. Key resistance holds at 212.50.

Research Report call:

Technical outlook

Zinc hourly chart has formed “Right angled ascending broadening” pattern. The last session ended up bearish in trend after retesting the key resistance zone inside the channel. The market is expected to continue on a bearish momentum, once the same breaks below a key support holding at 208. The downside rally could test all the way through 207-206 levels and furthermore in the upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish. The upside rally could test 211-213 levels. Key resistance holds at 213.

Research Report call:

Technical outlook

Zinc hourly chart has formed “Right angled ascending broadening” pattern. The last session ended up bullish in trend after retesting the channel’s support slope line. The market is expected to continue on a bullish momentum, once the same breaks above a key resistance holding at 212.50. The upside rally could test all the way through 214-216 levels and furthermore in the upcoming sessions. Alternatively, if the key resistance holds strong then the market might retest the same and turn bearish. The downside rally could test 210.50-208.50 levels. Key support holds at 208.50.

Research Report call:

Technical outlook

Zinc daily chart has formed “Falling wedge” pattern. The last few sessions ended up in consolidation, retesting the channel’s resistance slope line. The market is expected to continue on a bearish momentum, testing all the way through 207-205 levels and furthermore in the upcoming sessions. Alternatively, if the market breaks above a key resistance holding at 210 then it might turn bullish. The upside rally could test 212-214 levels. Key support holds at 205.

Research Report call:

Technical outlook

Zinc daily chart has formed “Falling wedge” pattern. The last few sessions ended up in consolidation but bearish in trend near a support trend line inside the channel. The market is expected to continue on a bearish momentum, once the same breaks below a key support holding at 206. The downside rally could test all the way through 204-202 levels and furthermore in the upcoming sessions. Alternatively, if the support holds strong then the market might retest the same and turn bullish. The upside rally could test 208-212 levels. Key resistance holds at 212.

Research Report call:

Technical outlook

Zinc daily chart has formed “Falling wedge” pattern. The last few sessions ended up in consolidation inside the channel. The market is expected to continue on a bearish momentum, once the same breaks below a key support holding at 206. The downside rally could test all the way through 204-202 levels and furthermore in the upcoming sessions. Alternatively, if the support holds strong then the market might retest the same and turn bullish. The upside rally could test 208-212 levels. Key resistance holds at 212.

Research Report call:

Technical outlook

Zinc daily chart has formed “Falling wedge” pattern. The last few sessions ended up bullish in trend after retesting a support trend line inside the channel. The market is expected to continue on a bullish momentum, testing all the way through 210-212 levels and furthermore in the upcoming sessions. Alternatively, if the market breaks below the key support holding at 205 then it might turn bearish. The downside rally could test 203-200 levels. Key support holds at 200.

Research Report call:

Technical outlook

Zinc daily chart has formed “Falling wedge” pattern. The last few sessions ended up bearish in trend after retesting the channel’s resistance slope line. The market is expected to continue on a bearish momentum, once the same breaks below a key support holding at 205. The downside rally could test all the way through 204-202 levels and furthermore in the upcoming sessions. Alternatively, if the support holds strong then the market might retest the same and turn bullish. The upside rally could test 208-212 levels. Key resistance holds at 212.

Research Report call:

Technical outlook

Zinc daily chart has formed “Falling wedge” pattern. The last session ended up bearish in trend on a gap down formation after retesting the channel’s resistance slope line. The market is expected to continue on a bearish momentum, once the same breaks below a key support holding at 206. The downside rally could test all the way through 204-202 levels and furthermore in the upcoming sessions. Alternatively, if the support holds strong then the market might retest the same and turn bullish. The upside rally could test 208-212 levels. Key resistance holds at 212.

Research Report call:

Technical outlook

Zinc daily chart has formed “Bearish megaphone” pattern. The last session ended up bearish in trend on a gap up formation. The market is expected to continue on a bullish momentum, once the same breaks above a key resistance holding at 212. The upside rally could test all the way through 213.50-215 levels and furthermore in the upcoming sessions. Alternatively, if the resistance holds strong then the market might retest the same and turn bearish. The downside rally could test 210-208 levels. Key support holds at 208.

Research Report call:

Technical outlook

Zinc daily chart has formed “Bearish megaphone” pattern. The last few sessions ended up bullish in trend inside the channel. The market is expected to continue on a bullish momentum, testing all the way through 212.50-215 levels and furthermore in the upcoming sessions. Alternatively, if the market breaks below a key support holding at 208 then it might turn bearish. Near Key resistance holds at 215.

Research Report call:

Technical outlook

Zinc daily chart has formed “Bearish megaphone” pattern. The last few sessions ended up bullish in trend inside the channel. The market is expected to continue on a bullish momentum, testing all the way through 211-212.50 levels in the upcoming sessions. Alternatively, if the market breaks below a key support holding at 208 then it might turn bearish. Key resistance holds at 212.50.

Research Report call:

Technical outlook

Zinc daily chart has formed “Bearish megaphone” pattern. The last few sessions ended up consolidated inside the channel. The market is expected to continue on a bullish momentum, once the same breaks above a key resistance holding at 209. The upside rally could test all the way through 210-212 levels in the upcoming sessions. Alternatively, if the resistance holds strong then the market might retest the same and turn bearish once again. The downside rally could test 207-205 levels. Key support holds at 205.

Research Report call:

Technical outlook

Zinc daily chart has formed “Bearish megaphone” pattern. The last few sessions ended up consolidated inside the channel. The market is expected to continue on a bullish momentum, once the same breaks above a key resistance holding at 209.50. The upside rally could test all the way through 212-215 levels in the upcoming sessions. Alternatively, if the resistance holds strong then the market might retest the same and turn bearish once again. The downside rally could test 207-205 levels. Key support holds at 205.

Research Report call:

Technical outlook

Zinc daily chart has formed “Bearish megaphone” pattern. The last few sessions ended up consolidated inside the channel. The market is expected to continue on a bearish momentum, once the same breaks below a key support holding at 205. The downside rally could test all the way through 202.50-200 levels in the upcoming sessions. Alternatively, if the support holds strong then the market might retest the same and turn bullish once again. The upside rally could test 208-210 levels. Key resistance holds at 210.

Research Report call:

Technical outlook

Zinc daily chart has formed “Falling channel” pattern. The last few sessions ended up consolidated near the channel’s resistance slope line. The market is expected to retest the resistance slope line and turn bearish once again. The downside rally could test all the way through 206-204 levels in the upcoming sessions. Alternatively, if the market breaks above the key resistance holding at 209 then it might turn bullish. The upside rally could test 211-212 levels. Key support holds at 204.

Research Report call:

Technical outlook

Zinc daily chart has formed “Falling channel” pattern. The last few sessions ended up consolidated near the channel’s resistance slope line. The market is expected to retest the resistance slope line and turn bearish once again. The downside rally could test all the way through 204-200 levels in the upcoming sessions. Alternatively, if the market breaks above the key resistance holding at 210 then it might turn bullish. Key support holds at 200.

Research Report call:

Technical outlook

Zinc daily chart has formed “Bearish megaphone chart” pattern. The last few sessions ended up consolidated inside the channel. The market is expected to continue in bullish momentum, once the same breaks above a key resistance holding at 209. The upside rally could test all the way through 210-212 levels in the upcoming sessions. Alternatively, if the key resistance holds strong then the market might retest the same and turn bearish once again. The downside rally could test 207-205 levels. Key support holds at 205.

Research Report call:

Technical outlook

Zinc daily chart has formed “Bearish megaphone chart” pattern. The last session ended up bearish in trend inside the channel. The market is expected to continue in bearish momentum, once the same breaks below a key support holding at 205. The downside rally could test all the way through 203-200 levels in the upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish once again. The upside rally could test 208-210 levels. Key resistance holds at 210.

Research Report call:

Technical outlook

Zinc daily chart has formed “Bearish megaphone chart” pattern. The last few sessions ended up bullish in trend after retesting the channel’s support slope line. The market is expected to continue in bullish momentum, testing all the way through 210-213 levels in the upcoming sessions. Alternatively, if the market breaks below a key support holding at 205 then it might turn bearish. Key resistance holds at 213.

Research Report call:

Technical outlook

Zinc daily chart has formed “Bearish megaphone chart” pattern. The last session ended up bullish in trend retesting the channel’s support slope line. The market is expected to continue in bullish momentum, once the same breaks above the key resistance holding at 206. The upside rally could test all the way through 208-210 levels in the upcoming sessions. Alternatively, if the resistance holds strong then the market might retest the same and turn bearish once again. The downside rally could test 204-200 levels. Key resistance holds at 210.

Research Report call:

Technical outlook

Zinc daily chart has formed “Bearish megaphone chart” pattern. The last few sessions ended up bearish in trend. The market is expected to continue in bearish momentum, once the same breaks below the key support holding at 200. The downside rally could test all the way through 199-198 levels in the upcoming sessions. Alternatively, if the support holds strong then the market might retest the same and turn bullish once again. Key resistance holds at 204.

Research Report call:

Technical outlook

Zinc daily chart has formed “Bearish megaphone chart” pattern. The last few sessions ended up bearish in trend. The market is expected to continue in bearish momentum, once the same breaks below the key support holding at 203. The downside rally could test all the way through 201-199 levels in the upcoming sessions. Alternatively, if the support holds strong then the market might retest the same and turn bullish once again. Key resistance holds at 208.

Research Report call:

 Technical outlook

Zinc daily chart has formed “Bearish Megaphone pattern” The last few sessions ended with bearish in trend, after retesting a major resistance level holding at 216. The market is expected to continue in bearish momentum towards reach 200-190 levels in upcoming sessions. Meanwhile Prices small pullback and profit booking rally towards  touch 209 level.

Research Report call:

 Technical outlook

Zinc daily chart has formed “Bearish Megaphone pattern” The last few sessions ended with bearish in trend, after retesting a major resistance level holding at 216. The market is expected to continue in bearish momentum, once the same breaks below the key support holding at 206. The downside rally could test all the way through 200 levels in upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish once again. The upside rally could test 210-212-216 levels.

Research Report call:

Technical outlook

Zinc daily chart has formed “Bearish Megaphone pattern” The last few sessions ended up bearish in trend retesting after retesting a major resistance level holding at 216. The market is expected to continue in bearish momentum, once the same breaks below the key support holding at 200. The downside rally could test all the way through 190 levels in upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish once again. The upside rally could test 210-212-216 levels.

Research Report call:

Technical outlook

Zinc daily chart has formed “Broadening bottoms chart” pattern. The last few sessions ended up bearish in trend retesting after retesting a major resistance level holding at 216. The market is expected to continue in bearish momentum, once the same breaks below the key support holding at 208. The downside rally could test all the way through 206-204 levels in upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish once again. The upside rally could test 210-212-216 levels.

Research Report call:

Technical outlook

Zinc hourly chart has formed “Right angled triangle top” pattern. The last session ended up bearish in trend retesting near the channel’s support slope line. The market is expected to continue in bearish momentum, once the same breaks below the key support holding at 212. The downside rally could test all the way through 211-210 levels in upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish once again. The upside rally could test 214-216 levels. Key resistance holds at 216.

Research Report call:

Technical outlook

Zinc daily chart has formed “Bearish megaphone chart” pattern along with a long-term “Rising channel”. The last few sessions ended up consolidated retesting near the megaphone’s resistance slope line. The market is expected to continue in bullish momentum, once the same breaks above the key resistance holding at 216. The upside rally could test all the way through 218-220 levels in upcoming sessions. Alternatively, if the key resistance holds strong then the market might retest the same and turn bearish once again. The downside rally could test 214-212 levels. Key support holds at 212.

Research Report call:

Technical outlook

Zinc daily chart has formed “Rising channel” pattern. The last session ended up bearish in trend retesting near the channel’s resistance slope line. The market is expected to continue in bullish momentum, once the same breaks above the key resistance holding at 216.50. The upside rally could test all the way through 218-220 levels in upcoming sessions. Alternatively, if the key resistance holds strong then the market might retest the same and turn bearish once again. The downside rally could test 214-212 levels. Key support holds at 212.

Research Report call:

Technical outlook

Zinc daily chart has formed “Broadening right angled descending” pattern along with a “Long-term Rising wedge”. The last session ended up bearish in trend retesting near the channel’s resistance slope line. The market is expected to continue in bearish momentum, once the same breaks below the key support holding at 212. The downside rally could test all the way through 209-205 levels in upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish once again. The upside rally could test 215-220 levels. Key resistance holds at 220.

Research Report call:

Technical outlook

Zinc daily chart has formed “Falling wedge” pattern along with a “Long-term Rising wedge”. The last session ended up strongly bullish in trend as the prices have broken out the channel’s resistance slope line. The market is expected to continue in bullish momentum, once the same breaks above the key resistance holding at 216. The upside rally could test all the way through 220-225 levels in upcoming sessions. Alternatively, if the key resistance holds strong then the market might retest the same and turn bearish. The downside rally could test 212-208 levels. Key support holds at 208.

Research Report call:

Technical outlook

Zinc daily chart has formed “Falling wedge” pattern along with a “Long-term Rising wedge”. The last session ended up bullish in trend retesting near a key resistance holding at 208.50. The market is expected to continue in bullish momentum, testing all the way through 210-212 levels in upcoming sessions. Alternatively, if the market breaks below the key support holding at 202 then it might turn bearish once again. The downside rally could test 200-198 levels. Key resistance holds at 212.

Research Report call:

Technical outlook

Zinc daily chart has formed “Falling wedge” pattern along with a “Long-term Rising wedge”. The last session ended up bullish in trend after retesting a key support holding at 202.50. The market is expected to continue in bullish momentum, testing all the way through 208-210 levels in upcoming sessions. Alternatively, if the market breaks below the key support then it might turn bearish once again. The downside rally could test 200-198 levels. Key resistance holds at 210.

Research Report call:

Technical outlook

Zinc daily chart has formed “Rising channel” pattern. The last few sessions ended up bearish in trend as the prices have already broken out the channel’s support slope line. The market is expected to continue in bearish momentum, testing all the way through 200-198-195 levels in upcoming sessions. Alternatively, the market might also have a chance on giving a small correction over positive momentum. Key resistance holds at 205.

Research Report call:

Technical outlook

Zinc daily chart has formed “Rising channel” pattern. The last session ended up bearish in trend as the prices have broken out the channel’s support slope line. The market is expected to continue in bearish momentum, testing all the way through 198-195-191 levels in upcoming sessions. Alternatively, the market might also have a chance on giving a small correction over positive momentum. Key resistance holds at 208.

Research Report call:

Technical outlook

Zinc 4hr chart has formed “Rectangle chart” pattern. The last session ended up bearish in trend retesting a key resistance holding at 212.50. The market is expected to continue in bearish momentum, testing all the way through 208-206-204 levels in upcoming sessions. Alternatively, if the market breaks above the key resistance then it might turn bullish. The upside rally could test 214-216 levels. Key support holds at 204.

Research Report call:

Technical outlook

Zinc daily chart has formed “Broadening bottom” pattern along with a “Rising channel”. The last session ended up retesting near the channel’s support slope line. The market is expected to continue in bullish momentum, testing all the way through 212.50-214 levels in upcoming sessions. Alternatively, if the market breaks below the key support holding at 208 then it might continue in bearish momentum. The downside rally could test 206-205 levels. Key resistance holds at 214.

Research Report call:

Technical outlook

Zinc daily chart has formed “Broadening top” pattern along with a “Rising channel”. The last session ended up retesting near the channel’s support slope line. The market is expected to continue in bearish momentum for a while to retest the channel’s support slope line once again and turn bullish. The downside rally could test all the way through 208-207 levels in upcoming sessions. Once the market retests the key support at 207 and turn bullish, the upside rally could test 210-215 levels. Alternatively, if the market breaks below the key support then it might continue in bearish momentum. Key resistance holds at 215.

Research Report call:

Technical outlook

Zinc daily chart has formed “Rectangle chart” pattern along with a “Rising channel”. The last session ended up retesting near the channel’s support slope line. The market is expected to continue in bearish momentum, once the same break below the key support holding at 209.50. The downside rally could test all the way through 208-206.50 levels in upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish. The upside rally could test 211.50-213 levels. Key resistance holds at 213.

Research Report call:

Technical outlook

Zinc daily chart has formed “Rectangle chart” pattern along with a “Rising channel”. The last session has formed a “Hammer” candlestick pattern which could be read as a trend reversal one. The market is expected to continue in bullish momentum by retesting a key support holding at 210. The upside rally could test all the way through 211.50-213 levels in upcoming sessions. Alternatively, if the market breaks below the key support then it might turn bearish once again. The downside rally could test 209-208 levels. Key resistance holds at 213.

Research Report call:

Technical outlook

Zinc daily chart has formed “Rectangle chart” pattern along with a “Rising channel”. The last few sessions ended up bearish in trend after retesting a key resistance holding near 215. The market is expected to continue in bearish momentum, testing all the way through 211.50-210 levels in upcoming sessions. Alternatively, if the market breaks above the key resistance then it might turn bullish once again. The upside rally could test 216.50-218 levels. Key support holds at 210.

Research Report call:

Technical outlook

Zinc daily chart has formed “Rectangle chart” pattern along with a “Rising channel”. The last session ended up retesting a key resistance holding near 215. The market is expected to continue in bearish momentum, testing all the way through 212.50-211 levels in upcoming sessions. Alternatively, if the market breaks above the key resistance then it might turn bullish once again. The upside rally could test 216.50-218 levels. Key support holds at 211.

Research Report call:

Technical outlook

Zinc daily chart has formed “Ascending channel” pattern. The last few sessions seems consolidated near a resistance trend line inside the channel. The market is expected to continue in bearish momentum by retesting a key resistance holding at 215. The downside rally could test all the way through 213.50-212 levels in upcoming sessions. Alternatively, if the market breaks above the key resistance then it might turn bullish once again. The upside rally could test 216.50-218 levels. Key support holds at 212.

Research Report call:

Technical outlook

Zinc daily chart has formed “Rectangle chart” pattern along with a “Rising channel”. The last session ended up retesting a key resistance holding near 215. The market is expected to continue in bearish momentum, testing all the way through 214-212 levels in upcoming sessions. Alternatively, if the market breaks above the key resistance then it might turn bullish once again. The upside rally could test 216.50-218 levels. Key support holds at 212.

Research Report call:

Technical outlook

Zinc daily chart has formed “Rising channel” pattern. The last session ended up retesting near a key resistance level holding at 215. The market is expected to continue in bullish momentum, once the same breaks above the key resistance. The upside rally could test all the way through 216-218 levels in the upcoming sessions. Alternatively, if the key resistance holds strong then the market might retest the same and turn bearish. The downside rally could test 213-210 levels. Key support holds at 208.

Research Report call: