Look at above chart, MCX Zinc is going upside over 1 year. In last two trading session, it had broken 1-year Support trend line. Since the December 2016 year Zinc price locked in a trading range bounded by upside resistance (197.5 level) and downside support (171.4 level).
Save this chart somewhere, I will not need to update new Zinc chart for next 3 months.
Let’s come to the point, do you think Zinc will touch strong support level 171.4 today?
If zinc will remain below 177.25 level then keep selling for 173.3 – 171.4 levels.