On analysis of the movement of Zinc futures price since my last analysis , I find the Zinc Futures price seems to have completed the testing phase and seems to be facing stiff resistance at $3484 and if it does not break this level within first two trading sessions, it will definitely take steep downward move from the current levels. It seems ready to move downward due to upcoming reversal in US dollar from the lower levels. After a sudden downward move, it will definitely provide good opportunities to go long, but be careful and strictly go ahead with strict stop loss orders.
On analysis of the movement of Zinc futures price since submission of my last analysis, I conclude an expected propositional trading zone for the Week of January 28th, 2018.
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