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Zinc: Beware Of Bulls Trapping Zone Ahead

Published 06/22/2017, 05:37 AM
Updated 07/09/2023, 06:31 AM

Zinc futures price seems to enter a Bulls Trapping Zone. Zinc futures price has already completed a double top at the current price with more exaggerated speed and will face stiff resistance at $2705 followed by an equally strong reversal. And a strong reversal from this level will create an exhaustive candle here. I find this a good opportunity to go short.

Have a nice trading time.

Note: This is my personal opinion not a trading advice.

Zinc 4 Hr. Chart

Latest comments

Your call still active!
Sir send ur view
Dear Mr. Sachin Sorry for the delay in reply. You may find this level most probably on June 26th evening session. I don't know how many lots you are carrying at the level of Rs.197/-. If it is 1 and you can afford to average then wait today if it comes to Rs.187/- today then buy 1 more strictly with stop loss order at 185.70 -185.60 for today and hold it till next two trading sessions. This is my personal opinion only. Thanks for your kind regards.
Hi satendra singh j i m full impress with you
Satendra singh is on Facebook now. Everyone can easily connect to him on his facebook page
I think my analysis meets with your opinion. Thanks a lot
thank you for posting your view. please keep posting.
Mr. Vaibhav Thanks a lot for you kind regards
Hi Sir, is there any chances in natural gas to go up side in this future??? I am holding 197 in buying.
Dear Vishal I wanted to reply you but by mistake I have written yours on Mr. Sachin's .
And secondly, now if you wish to create a fresh buy position be it in July futures at MCX @187/- not in June.
Dear Mr. Vishal, Hope you would have booked profit today. Best Wishes to you. Thanks for your kind regards.
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