Zinc is going upward since April. Recently, it has broken the strong support trendline and made an excess. At present, it’s running at a strong support line. So what are you expecting next?
Technically, the crossover of 20 & 50 MA indicating a downtrend ahead, and multiple volume spikes are a direct sign for an uptrend.
Simple Trading Strategy for the Intraday Traders:
The day traders can keep buying above 0.886 value of retracement for the target of 194.6 – 196 and above.
Breakout of 199.4 means boom! It can fly from there for 203 – 206 levels.
According to the Fibonacci retracement & moving average, zinc will collapse soon to the value of 0.786. So, short-term investors can go for 185 levels.
Further information I will update to premium subscribers via Moneymunch’s mobile app.
Would you like to get our all commodity updates instantly? We have an option for you.
Click Here: Free Commodity Tips
Do you want to get Premium Calls only?
Click Here: Premium Commodity Tips
If you have any questions or concerns about Commodity Market then contact by following ways:
Email: [email protected]
Phone: +91 903 386 2706
Have you any question/feedback about this article? Please leave your queries in the comment box for answers.
your articles are unique!
your knowledge every time helps me THANK YOU :)
great!!!!! this is an amazing chart.
superb
your targets are helping me always
pehla target touch ho gaya book karu ya wait karu?
sir, should I wait or buy as the second target is very close?