Technical forecast for zinc

zinc

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.

Jason Sen began his career in the options pits on the trading floor of LIFFE in 1987 at the age of 19, making markets on his own account. In 2001 when the trading floor closed he successfully made the transition to day trading on computer screens. Jason always had an interest in technical analysis throughout his trading career but began to study this area in depth from 2006. www.daytradeideas.com has established itself as the leading provider of... More