Zinc took a bounce back from the lower levels yesterday, and it has failed to break last week’s low level of 212.1. Intraday traders can initiate long positions for levels of 219.6 – 220.
If it breaks last week’s low, we may see 210 – 208.6 levels. Overall, it’s positive. Long positions can be initiate with targets at 221.6 – 224 – 230 in extension.
The DMI & MA is bullish and calls for further advance.
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