See here for my previous article about zinc.
Lets review it again, as i was expecitng from zinc to move higher towards 2850 followed by 2890, it did a high of 2857.25 today and reversed after reaching towards 61.80% retracement value of previous fall from 2984.25.
Now it seems that we are entering in another round of short term selling in zinc. There is no change in weekly chart so i am directly moving towards daily chart. If this daily candle close today on negative note then it will make it clear that whatever indicators are showing is good for bears with strict stop.
Here is short term chart of 5HR time frame revealing the internal:
Now the resistance is just above 2908 which is if cleared then we can have further upmove towards 3000 which seems unlikely now and we hope for a move towards south around 2500 support zone first.
Right now we are with bears for the target zone 2530.
Resistance: 2880/2985
Support : 2690 / 2650