Zinc

Technical outlook

Zinc daily chart has formed “Descending broadening wedge” pattern. The last few sessions ended up bullish in trend after a consolidation inside the channel. The market is expected to continue on bullish momentum, once the same breaks above a key resistance zone holding at 201. The upside rally could be testing all the way through 204 and further more 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 193 levels. Key support holds at 193.

Research Report call:

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Technical outlook

Zinc daily chart has formed “Descending broadening wedge” pattern. The last session ended up bullish in trend after a consolidation inside the channel. The market is expected to continue on bullish momentum, once the same breaks above a key resistance zone holding at 200. The upside rally could be testing all the way through 204 and further more 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 193 levels. Key support holds at 193.

Research Report call:

Technical outlook

Zinc daily chart has formed “Descending broadening wedge” pattern. The last few sessions ended up bearish in trend along with corrections inside the channel. The market is expected to continue on bearish momentum, once the same breaks below a key support zone holding at 193. The downside rally could be testing all the way through 190 and further more 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 200 levels. Key resistance holds at 200.

Research Report call:

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, once the same breaks below a key support zone holding at 193.50. The downside rally could be testing all the way through 190 and further more 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 200 levels. Key resistance holds at 200.

Research Report call:

Technical outlook

Zinc daily chart has formed “Descending broadening wedge” pattern. The last session ended up bullish in trend retesting a key support zone inside the channel. The market is expected to continue on bullish momentum, testing all the way through 200 and further more levels in the upcoming sessions. Alternatively, if the market breaks below the key support zone holding at 195 then it might turn bearish. The downside rally could test up to 192-190 levels. Key resistance holds at 200.

Research Report call:

Technical outlook

Zinc daily chart has formed “Descending broadening wedge” pattern. The last session ended up bullish in trend retesting a key support zone inside the channel. The market is expected to continue on bullish momentum, testing all the way through 198-200 levels in the upcoming sessions. Alternatively, if the market breaks below the key support zone holding at 194 then it might turn bearish. The downside rally could test up to 192-190 levels. Key resistance holds at 200.

Research Report call:

Technical outlook

Zinc daily chart has formed “Descending broadening wedge” pattern. The last session been in bearish trend after retesting near the channel’s resistance slope line. The market is expected to continue on bearish momentum, once the same breaks below the key support zone holding at 195. The downside rally could be testing all the way through 193-191 levels in the upcoming sessions. Alternatively, if the key support zone holds strong then the market might retest the same and turn bullish. The upside rally could test up to 203 levels. Key resistance holds at 203.

Research Report call:

Technical outlook

Zinc daily chart has formed “Descending broadening wedge” pattern. The last few sessions been in bullish trend retesting near the channel’s resistance slope line. The market is expected to continue on bullish momentum, once the same breaks above the key resistance zone 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 zone holds strong then the market might retest the same and turn bearish. The downside rally could test up to 198.50 levels. Key support holds at 198.50.

Research Report call:

Technical outlook

Zinc daily chart has formed “Descending broadening wedge” pattern. The last few sessions been in bullish trend after retesting an interim trend line inside the channel. The market is expected to continue on bullish momentum, once the same breaks above the key resistance zone holding at 200. The upside rally could be testing all the way through 202-204 levels in the upcoming sessions. Alternatively, if the key resistance zone holds strong then the market might retest the same and turn bearish. The downside rally could test up to 193 levels. Key support holds at 193.

Research Report call:

Technical outlook

Zinc daily chart has formed “Descending broadening wedge” pattern. The last session been in bullish trend after retesting a strong key support zone inside the channel. The market is expected to continue on bullish momentum, once the same breaks above the key resistance zone holding at 200. The upside rally could be testing all the way through 202-204 levels in the upcoming sessions. Alternatively, if the key resistance zone holds strong then the market might retest the same and turn bearish. The downside rally could test up to 195 levels. Key support holds at 195.

Research Report call: