Zinc: Outlook For The Week Of November 18th, 2018
Satendra Singh | Nov 18, 2018 12:21AM ET
On analysis of the movements of Zinc Futures in different time frames, I find that the Zinc futures look steady, after a strong upward move during the last three trading sessions of the previous week; and look to have an eye at the upper consolidation zone from $2567 to $2777. I find that the Zinc futures may be a good buy from the level of $2464 with a Stop Loss order at $2350 for a target above $2994. No doubt that the opening level on the first trading session of the Week will play a decisive role in defining the further directional moves of the Zinc futures, but a sustainable move above the level of $2710 will confirm an upward move of Zinc futures. Let’s have a look at the movements of Zinc futures in the following charts.
Disclaimer: This analysis is only for educational purpose. Readers are requested to kindly consider their own view first, before taking any position.
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