Zinc Report

Technical outlook

Zinc June 4hr chart has formed “Rising channel” 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 current price action, once the same breaks above a key resistance holding at 209. The upside rally could be testing 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. The downside rally could test up to 205-204 levels. Key support holds at 204.

Technical outlook

Zinc June daily chart has formed “Rising channel” pattern. The last session ended up bullish in trend after few negative rallies 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 206.50. The upside rally could be testing all the way through 208-210 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 203-202 levels. Key support holds at 202.

Technical outlook

Zinc June daily chart has formed “Rising channel” pattern. The last session ended up bearish in trend after few negative 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 203. The downside rally could be testing all the way through 201-200 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 up to 205-207 levels. Key resistance holds at 207.

Technical outlook

Zinc June daily chart has formed “Rising channel” 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 current price action, once the same breaks above a key resistance holding at 207. The upside rally could be testing all the way through 209-211 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 205-203 level. Key support holds at 203.

Technical outlook

Zinc June daily chart has formed “Rising channel” 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 current price action, once the same breaks above a key resistance holding at 208. The upside rally could be testing 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. The downside rally could test up to 205-203 level. Key support holds at 203.

Technical outlook

Zinc June daily chart has formed “Rising channel” pattern. The last few sessions ended up sideways in 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 203. The downside rally could be testing all the way through 201-200 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 up to 206-208 level. Key resistance holds at 208.

Technical outlook

Zinc June daily chart has formed “Rising channel” pattern. The last few sessions ended up sideways in 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 202.50. The downside rally could be testing all the way through 200-198 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 205-208 level. Key resistance holds at 208.

Technical outlook

Zinc June daily chart has formed “Rising channel” 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 current price action, once the same breaks above a key resistance holding at 206. The upside rally could be testing all the way through 208-210 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 202-200 level. Key support holds at 200.

Technical outlook

Zinc June daily chart has formed “Rising channel” pattern. The last few sessions ended up bearish in 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 200.50. The downside rally could be testing all the way through 198-196 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 205 level. Key resistance holds at 205.

Technical outlook

Zinc June daily chart has formed “Rising channel” pattern. The last session ended up bullish in trend after a long negative rally 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 204. The upside rally could be testing all the way through 206-208 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 202-200 level. Key support holds at 200.