Zinc futures price seems ready for a long Downward Trend after the first appearance of a bearish signal during its one month uptrend since June 7th , 2017. During the first two trading sessions, zinc futures price seems to struggle hard but fails to break its strong resistance at $2811 and retreated. In this process, it has formed a bearish signal in the Daily Chart which will get first confirmation on its closing below $2747 and then a sustainable move below the level of $2666 will be the second.
On analysis of the movement of zinc futures price in different time zones, I conclude that the closing on July 4th, 2017 below $2752 will be a definite confirmation of the end of this current rally.
Have nice trading time.