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Zinc Ready To Zoom Before Feeling Inflationary Pressure Ahead

Published 12/24/2017, 04:13 AM
Updated 07/09/2023, 06:31 AM


On analysis of the movement of Zinc Futures price, I find the Zinc futures price seems ready to move upward during the Week of December 26th, 2017 to end the year 2017 at the highest possible point. But I find that the base metal cannot ignore the upcoming inflationary pressure during the year 2018 because this is directly attached with every small to small thing which people all over the World require for their daily lives. While raw material prices were under control in 2017, the price appreciation in the Zinc market and other commodities could be an advance indicator of what is coming in 2018.

I conclude expected propositional trading zones from December 26th, 2017 to January 21st, 2018.

Zinc Futures Price Daily Chart- Expected Trading Zones From December 26th, 2017 To January 21st, 2018


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