Zinc Futures price seems to face stiff resistance amid growing volatility and have been trading at a critical juncture which further seems to enhance the quantum of dilemma among the traders.
No doubt, Zinc futures price seems not only to be facing a stiff resistance at the level of its recent days high, but also enhancing the probabilities of emergence of a Breakout Zone above the levels of $3,344. But, a sudden and quick upmove, if remains below the level of $3,333, may be a good opportunity to go for creating a short position, strictly accompanied with a strict stop loss order.
On analysis of thee movement of Zinc futures price in different time zones, I conclude some expected propositional trading zones from October 15th, 2017 to October 30th, 2017.
Have A Nice Trading Time.
Disclosure: This content is for information and educational purposes only and should not be considered investment advice or an investment recommendation. Past performance is not an indication of future results. All trading carries risk. Only risk capital you are prepared to lose.
