Zinc

Zinc 12/14/2018 9:52:00 AM
zinc-image

Technical outlook

Zinc daily chart has formed “Descending broadening wedge” pattern. The last few sessions ended up bearish in trend after retesting an interim trend line inside the channel. The market is expected to continue on bearish momentum based on the price action, once the same breaks below a key support holding at 185. The downside rally could be testing all the way through 183-180 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 up to 190-192 levels. Key resistance holds at 192.


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Technical Chart:
zinc-chart
Zinc 12/13/2018 10:09:00 AM
zinc-image

Technical outlook

Zinc daily chart has formed “Descending broadening wedge” pattern. The last session ended up bearish in trend after few positive rallies inside the channel. The market is expected to continue on bearish momentum based on the price action, once the same breaks below a key support holding at 185. The downside rally could be testing all the way through 183-180 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 up to 188-190-192 levels. Key resistance holds at 192.


Research Report call:

Technical Chart:
zinc-chart
Zinc 12/12/2018 10:22:00 AM
zinc-image

Technical outlook

Zinc daily chart has formed “Descending broadening wedge” pattern. The last few sessions ended up bullish in trend along with some corrections inside the channel. The market is expected to continue on bullish momentum based on the price action, once the same breaks above a key resistance holding at 192. The upside rally could be testing all the way through 194-196 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 up to 188-185 levels. Key support holds at 185.


Research Report call:

Technical Chart:
zinc-chart
Zinc 12/11/2018 8:20:00 AM
zinc-image

Technical outlook

Zinc daily chart has formed “Descending broadening wedge” pattern. The last few sessions ended up bullish in trend along with some corrections inside the channel. The market is expected to continue on bullish momentum based on the price action, once the same breaks above a key resistance holding at 191. The upside rally could be testing all the way through 193-195 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 up to 188-185 levels. Key support holds at 185.


Research Report call:

Technical Chart:
zinc-chart
Zinc 12/10/2018 8:31:00 AM
zinc-image

Technical outlook

Zinc daily chart has formed “Descending broadening wedge” pattern. The last few sessions ended up bullish in trend along with some corrections inside the channel. The market is expected to continue on bullish momentum based on the price action, once the same breaks above a key resistance holding at 190. The upside rally could be testing all the way through 192-195 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 up to 185-182 levels. Key support holds at 182.


Research Report call:

Technical Chart:
zinc-chart
Zinc 12/7/2018 9:59:00 AM
zinc-image

Technical outlook

Zinc daily chart has formed “Descending broadening wedge” pattern. The last session ended up bearish in trend after few positive rallies inside the channel. The market is expected to continue on bearish momentum based on the price action, testing all the way through 184-180 levels in the upcoming sessions. Alternatively, if the market breaks above a key resistance holding at 189 then it might turn bullish once again. The upside rally could test up to 192-195 levels. Key support holds at 180.


Research Report call:

Technical Chart:
zinc-chart
Zinc 12/6/2018 10:14:00 AM
zinc-image

Technical outlook

Zinc daily chart has formed “Descending broadening wedge” pattern. The last few sessions ended up bullish in trend after few negative rallies inside the channel. The market is expected to continue on bullish momentum based on the price action, once the same breaks above a key resistance holding at 190. The upside rally could be testing all the way through 192-194 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 up to 184-182 levels. Key support holds at 182.


Research Report call:

Technical Chart:
zinc-chart
Zinc 12/5/2018 10:00:00 AM
zinc-image

Technical outlook

Zinc daily chart has formed “Descending broadening wedge” pattern. The last few sessions ended up bullish in trend after few negative rallies inside the channel. The market is expected to continue on bullish momentum based on the price action, once the same breaks above a key resistance holding at 188. The upside rally could be testing all the way through 190-192 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 up to 184-180 levels. Key support holds at 180.


Research Report call:

Technical Chart:
zinc-chart
Zinc 12/4/2018 10:22:00 AM
zinc-image

Technical outlook

Zinc daily chart has formed “Descending broadening wedge” pattern. The last few sessions ended up bullish in trend after few negative rallies inside the channel. The market is expected to continue on bullish momentum based on the price action, once the same breaks above a key resistance holding at 187. The upside rally could be testing all the way through 190-192 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 up to 183-180 levels. Key support holds at 180.


Research Report call:

Technical Chart:
zinc-chart
Zinc 12/3/2018 9:34:00 AM
zinc-image

Technical outlook

Zinc daily chart has formed “Descending broadening wedge” pattern. The last few sessions ended up bullish in trend after few negative rallies inside the channel. The market is expected to continue on bullish momentum based on the price action, testing all the way through 185-187 levels in the upcoming sessions. Alternatively, if the market breaks below the key support holding at 180 then it might turn bearish once again. The downside rally could test up to 178-176 levels. Key resistance holds at 187.


Research Report call:

Technical Chart:
zinc-chart