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Technical forecast for zinc

By () · April 22, 2013 · Comments Off on Technical forecast for zinc
Metals · analysis, binary option, buy sell, candlestick, charts, day trade, day trading, down trend, fibonacci, forecast

Zinc just held above the Oct lows at 1813/12. Longs here this week need a stop below 1809 for 1800/1795 then 1779.

Bulls need to see prices above the 2 year trend line at 1908/14. This is a strong resistance area but a break higher could signal continued gains to 1933/37. A break above here then targets 1961, possibly 1970/74. This could mark the high for this week if we stretch this far. Exit all longs & try shorts with stops above 1994.

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