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Zinc On Its Way To The "Exhaustive Candle Zone"

Published 07/29/2017, 01:10 PM
Updated 07/09/2023, 06:31 AM
MZI
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Zinc futures price movement since the appearance of my last analysis "Zinc Seems Ready To Resume Downward Trend Once Again" appears to be moving well on its downward path as its movement inside the "Exhaustive Candle Zone" is evident enough to make the probabilities of continuation of Zinc futures price in the defined downward zone.

On analysis of the movement of Zinc futures price in the highlighted zone from July 26th to July 28th, 2017, I find the continuation of its downward voyage will definitely be confirmed after a sustainable move below the level of $2768.

Have a Nice Trading Week.

Zinc futures price 4 Hr Chart

Zinc futures price Daily Chart

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