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Zinc Seems Ready To Zoom

Published 03/05/2018, 07:36 AM
Updated 07/09/2023, 06:31 AM

On analysis of the Zinc Futures price on March 5th, 2018, I find zinc futures is ready for a technical bounce after taking strong support at $3300, a level which provides a resistance, during an uptrend and always proved to be a strong support while the zinc futures are in a bullish tone. A sustainable move above the level of $3333 will confirm the continuity of the uptrend of zinc futures price.

Zinc Futures Price 1 Hr. Chat

Disclosure: This analysis is not a trading advice. Readers are adviced to take any position at their own risk.

Latest comments

I am also holding zinc@212
I think it will go down till 200 levels then 190 strict sl 217
Sir iam in buy position wil u pls advise me what should i do now my average rate 217 pls let me know ur valuable opinions
Nice comments.. Thanks
Sir, what will be the near term impact of 78 kt inventory rise. Pls advise .. Holding 2 lots buy at 223.
Respective Satendra, thanks for posting your view. But wave count is telling different story. 10 % fall in lead and zinc expected.
Dear Mr. Joshi thanks for your valuable anti-thesis, but according to my analysis your analytical thought is right according to the levels when zinc futures were trading at $3597 from where the 10% fall would be a definite point of view. But from the current level 10% up move looks a definite probability. Thanks for your comments.
I have a buy postion from 229 can i reach to my rate back plz direct me
Sir iam in buy position wil u pls advise me what should i do now my average rate 217 pls let me know ur valuable opinions
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