Technical forecast for Zinc

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Zinc has been fairly directionless over the past few days but we beat 1851/55 to reach strong resistance at 1863 where we did struggle as expected. We advised to exit longs & try shorts with stops above 1870 & we can try this again today. We will look for profit taking at 1851 then 1843. A break below 1835 could then see a drift towards 1827/25.

A break above 1870 today however meets resistance at 1876/79. Watch for a high for the day here but if we push higher we could go for 1892/96.

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