Technical forecast for Zinc

zinc

Zinc did retest 1817 lows as expected but stops below 1812 were not activated & we saw a nice bounce. If we can beat 1836 today look for tricky resistance at 1843. A push through 1851 then opens the door to strong resistance at 1863 where we should struggle. Exit longs & try shorts with stops above 1870.

A break of the low at 1812 should trigger stops for a test of the 18 month trend line at 1779 & what should be a good buying opportunity.

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