Zinc

Technical outlook

Zinc daily chart has formed “Rectangle chart” 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 195. The upside rally could be testing all the way through 196-198 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 up to 191-189 levels. Key support holds at 189.

Research Report call:

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Technical outlook

Zinc daily chart has formed “Rectangle chart” 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 192.50. 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 once again. The downside rally could test up to 188-185 levels. Key support holds at 185.

Research Report call:

Technical outlook

Zinc daily chart has formed “Rectangle chart” 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 191.50. 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 once again. The downside rally could test up to 186-184 levels. Key support holds at 184.

Research Report call:

Technical outlook

Zinc daily chart has formed “Rectangle chart” 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 191.50. 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 once again. The downside rally could test up to 186-184 levels. Key support holds at 184.

Research Report call:

Technical outlook

Zinc daily chart has formed “Rectangle chart” 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 183.50. The downside rally could be testing all the way through 182-180 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 up to 186-188 levels. Key resistance holds at 188.

Research Report call:

Technical outlook

Zinc daily chart has formed “Rectangle chart” pattern. The last session ended up consolidated and retesting after few negative rallies inside the channel. The market is expected to continue on bullish momentum based on the current price action, testing all the way through 188-190 levels in the upcoming sessions. Alternatively, if the market breaks below a key support holding at 184 then it might turn bearish once again. The downside rally could test up to 182-180 levels. Key resistance holds at 190.

Research Report call:

Technical outlook

Zinc daily chart has formed “Rectangle chart” pattern. The last session 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 183.50. The downside rally could be testing all the way through 182-180 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 up to 188-190 levels. Key resistance holds at 190.

Research Report call:

Technical outlook

Zinc daily chart has formed “Right angled Descending broadening 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 bearish momentum based on the current price action, once the same breaks below a key support holding at 188. The downside rally could be testing all the way through 186-184 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 up to 190-194 levels. Key resistance holds at 194.

Research Report call:

Technical outlook

Zinc daily chart has formed “Right angled Descending broadening 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 bearish momentum based on the current price action, once the same breaks below a key support holding at 191.50. The downside rally could be testing all the way through 190-188 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 up to 194-196 levels. Key resistance holds at 196.

Research Report call:

Technical outlook

Zinc daily chart has formed “Right angled Descending broadening 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 bearish momentum based on the current price action, once the same breaks below a key support holding at 193. The downside rally could be testing all the way through 192-190 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 up to 196-198 levels. Key resistance holds at 198.

Research Report call: