Zinc

Technical outlook

Zinc daily chart has formed “Rising wedge” pattern. The last few sessions ended up in consolidation along with some corrections inside the channel. The market is expected to continue on bullish momentum based on the current price action, once the same breaks above a key resistance holding at 228. The upside rally could be testing all the way through 230-232 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 225-223 level. Key support holds at 223.

Research Report call:

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Technical outlook

Zinc daily chart has formed “Rising wedge” pattern. The last few sessions ended up in consolidation along with some corrections inside the channel. The market is expected to continue on bullish momentum based on the current price action, testing all the way through 228-230 levels in the upcoming sessions. Alternatively, if the market breaks below a key support holding at 224 then it might turn bearish once again. The downside rally could test up to 222-220 level. Key resistance holds at 230.

Research Report call:

Technical outlook

Zinc daily chart has formed “Rising wedge” pattern. The last session ended up in bullish trend after a long negative rally inside the channel. The market is expected to continue on bullish momentum based on the current price action, testing all the way through 228-230 levels in the upcoming sessions. Alternatively, if the market breaks below a key support holding at 225 then it might turn bearish once again. The downside rally could test up to 224-222 level. Key resistance holds at 230.

Research Report call:

Technical outlook

Zinc daily chart has formed “Rising wedge” pattern. The last session ended up in bearish trend after few positive rallies inside the channel. The market is expected to continue on bearish momentum based on the current price action, once the same breaks below a key support holding at 223. The downside rally could be testing all the way through 222-220 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 226-230 level. Key resistance holds at 230.

Research Report call:

Technical outlook

Zinc daily chart has formed “Rising wedge” pattern. The last few sessions ended up in bullish trend along with some corrections inside the channel. The market is expected to continue on bullish momentum based on the current price action, once the same breaks above a key resistance holding at 230.50. The upside rally could be testing all the way through 232-234 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 227-225 level. Key support holds at 225.

Research Report call:

Technical outlook

Zinc daily chart has formed “Rising wedge” pattern. The last few sessions ended up in bullish trend along with some corrections inside the channel. The market is expected to continue on bullish momentum based on the current price action, once the same breaks above a key resistance holding at 231. The upside rally could be testing all the way through 232-234 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 228-225 level. Key support holds at 225.

Research Report call:

Technical outlook

Zinc daily chart has formed “Rising wedge” pattern. The last few sessions ended up in bearish trend along with some corrections inside the channel. The market is expected to continue on bearish momentum based on the current price action, once the same breaks below a key support holding at 223. The downside rally could be testing all the way through 220-215-210 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 229 level. Key resistance holds at 229.

Research Report call:

Technical outlook

Zinc daily chart has formed “Rising wedge” pattern. The last few sessions ended up in bearish trend along with some corrections inside the channel. The market is expected to continue on bearish momentum based on the current price action, once the same breaks below a key support holding at 223. The downside rally could be testing all the way through 220-215-210 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 229 level. Key resistance holds at 229.

Research Report call:

Technical outlook

Zinc daily chart has formed “Rising wedge” pattern. The last session ended up in bearish trend after few positive rallies inside the channel. The market is expected to continue on bearish momentum based on the current price action, once the same breaks below a key support holding at 223. The downside rally could be testing all the way through 220-215-210 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 229 level. Key resistance holds at 229.

Research Report call:

Technical outlook

Zinc daily chart has formed “Rising wedge” pattern. The last few sessions ended up in bullish trend along with some corrections inside the channel. The market is expected to continue on bullish momentum based on the current price action, once the same breaks above a key resistance holding at 229. The upside rally could be testing all the way through 230-232 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 225-223 levels. Key support holds at 223.

Research Report call: