Technical outlook
Zinc daily chart has formed “Descending broadening wedge” pattern. The last session ended up bearish in trend after few positive rallies inside the channel. The market is expected to continue on bearish momentum based on the price action, testing all the way through 184-180 levels in the upcoming sessions. Alternatively, if the market breaks above a key resistance holding at 189 then it might turn bullish once again. The upside rally could test up to 192-195 levels. Key support holds at 180.
More will update soon!!
