Zinc: Decisive Zones To Finalize A Directional Move
Satendra Singh | Aug 20, 2017 03:22PM ET
Zinc future price seems ready to move towards new heights amid growing volatility. Fresh short positions created after its entry into a recently new trading zone may fuel this rally to maintain its strength for some more time whenever a downward move appear in near terms. This may result in growing volatility in forthcoming weeks.
On analysis of the movement of zinc futures price in different time zones since my last analysis, I conclude three "Decisive Zones", breakout direction out of these "Decisive Zones" will finalize a directional move very soon. Aggressive Volatility will follow every move which may create confusion among the traders. High alertness is best approach before creating a fresh position.
Have a nice trading time.
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