Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

Zinc Seems Ready For A Downward Trend

Published 06/30/2017, 01:32 AM
Updated 07/09/2023, 06:31 AM

Zinc futures price seems ready for a downward trend after facing a tough resistance at the level of $2766, a major psychological resistance. On analysis of the movement of zinc futures price in different time zones, I conclude that this downward voyage will pick up good speed once it reaches below the level of $2666.

Have a nice trading time.
Zinc 4 Hr. Chart

Latest comments

zinc 2600,2700,2800 he he he... 3100
Downward trend might take zinc close to previous month lows I believe as it reversed from 2760 more than thrice. But How 2766 is psychological resistance?
Last forecast has been failed zinc will break a new high very soon
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.