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Technical forecast for Zinc

By () · May 17, 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 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.

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