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Zinc Ready To Zoom Amid Fading Fear Of Tariff Trade War

Published 03/21/2018, 02:55 AM
Updated 07/09/2023, 06:31 AM

On analysis of the movement of Zinc Futures prices on March 21st, 2018 since submission of my last analysis, I find that Zinc futures are ready to run upward as the tariff trade war threat seems to have faded a lot and the expected Fed rate hike has also already been factored in the Zinc futures price. Moreover, the Zinc futures price has already been inside oversold territory from a long time. Having another look at the movement of Zinc futures in the same chart which I noted in my last analysis, I find the Zinc futures are ready for a steep reversal after the Fed meeting outcome today.

Zinc Futures Price 4 Hr. Chart

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Latest comments

How many time was your view correct...
This is thw third continuous wrong view given by satendra...very bad analyst
Thanks..
Nice analysis.
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