Zinc future analysis for 25 to 29 march 2019.

Zinc future daily chart analysis

Zinc future on Friday closed at 197.05 with gain. In this week we saw 3 up and 2 down day for zinc prices. Zinc prices are hovering around 195 rupee support zones with mixed signals on indicators. Zinc future below 195 will remain weak for targets 187 and below while above it expect upside up to 207 and above. No clear cut trend or signal found here.

Zinc future weekly chart analysis

Mcx Zinc future this week closed with gain. In this week we saw 8 rupee range and positive closing. On weekly chart zinc future has taken support at 189 rupee and moving upward. Above 189 zinc future will remain buy and accumulate for long terms and on upside 215 ad then 260 rupees will be target zones for 2019.

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Zinc future technical analysis for 14 to 18 January 2019.

Zinc future daily chart technical analysis

Zinc future on Friday closed at 176.25 with gain. In this week we saw 4 up and 1 down day for zinc prices. Zinc after weak opening hit 168 rupee sell target in last week and then taken support around those levels and now bouncing back towards 180 rupee resistance zone. For month of January, mcx zinc major resistance is 180 rupee and below it expect downtrend and lower levels. That we already saw low of 167.2. Now bias is towards recovery and expect 180 and above level for zinc prices. Breakout above 180 means bullish trend and targets of 186 and then 198 rupees for zinc prices.

Zinc future weekly chart technical analysis

Mcx Zinc future this week closed with gain. In this week we saw 7 rupee strong recovery rally in zinc prices and in last 2 weeks prices recovered from low of 167 to high of 178+. On weekly chart prices are moving towards 189 rupee long term resistance zone. Below 189, zinc will remain weak and sell. But as indicators are oversold prices are bouncing back towards 189 rupee levels and that will be target zone for this recovery rally.

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MCX ZINC weekly-hit 168 sell swing TGT, next support @162

MCX ZINC weekly analysis for 7 to 11 january 2019

• zinc future on last trading session closed at 171.55 with gain.

• zinc future as expected hit my january sell swing target of 168 rupee and we saw low of 167.2 in this week.

• mcx zinc now bouncing back from oversold levels.

• on downside next support as well as bearish swing target level will be around 162 rupees.

• mcx zinc future on upside has resistance as well as bounce back rally targets around 175 to 178 rupee levels.

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Zinc future technical analysis for the month of January and also long term investment forecast for year 2019.

Zinc future daily chart technical analysis

Zinc future on Friday closed at 173.8 with huge loss. Zinc future is in downtrend and we saw sharp selloff in last trading session on another strong price breakdown. Zinc trading below all short term averages with bearish and oversold indicators.

For month of January, mcx zinc has major resistance around 181 rupee and below it expect downtrend to continue and my bearish target zones for this series are at 170 and then 162 rupee. Zinc prices are almost near first bearish swing target of 170 rupees.

Zinc future weekly chart technical analysis

Mcx Zinc future this week closed at with loss. This was third losing week for zinc prices and in these 3 weeks prices slumped from top of 192 to almost low of 173 rupees means almost 10% drop in last 3 weeks.

From 2019 with long term view, for zinc futures below 191 will remain weak and sell for my long term bearish targets of 150 rupees and below it next long term support as well as bearish target zone will be 122 rupees.

Zinc future monthly chart technical analysis

Mcx Zinc future in month of December closed with loss. This was third monthly loss for zinc prices and in these 3 months we saw zinc future tumbled from high of 204 to lows of 173 rupees. Here prices are retracing back towards recent low of 165 rupees and also below 191 rupee trend will remain weak and sell.

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Zinc future technical analysis for 24 to 28 December 2018.

Zinc future daily chart technical analysis

Zinc future on Friday closed at 177.35 with loss. Zinc future after breakout above 182 hit bullish swing target of 189.5 but failed to sustain above it which resulted in correction and now prices back to support of 182 rupees.

For month of December, mcx zinc below 182 will turned bearish and on downside 171 will be first bearish swing target and then after 163 will be next one. And this week we saw low of 177.1 rupees and prices slowly inching towards 171 rupee level.

Zinc future weekly chart technical analysis

Mcx Zinc future this week closed with loss. This was second weekly loss for zinc prices and in these 2 weeks we saw sell off from top of 192 to low of 177.1. On weekly chart zinc future price trend and momentum both are down and prices trading below major averages and with bearish signals. On chart below 195, zinc price will remain weak and sell and on downside 171 and 135 are long term bearish targets. We already low up to 166 rupees previously and prices once again heading towards those lows.

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Zinc future technical analysis for 17 to 21 December 2018.

Zinc future daily chart technical analysis

Zinc future on Friday closed at 183.25 with loss. Zinc future after breakout above 182 hit bullish swing target of 189.5 but failed to sustain above it which resulted in correction and now prices back to support of 182 rupees.

For month of December, mcx zinc below 182 will turn bearish and on downside 171 will be first bearish swing target and then after 163 will be next one. But if hold 182 rupee support and gives reversal then expect 189.5 again and hen possibly 201 rupee levels on fresh buying.

Zinc future weekly chart technical analysis

Mcx Zinc future this week closed at 183.25 with loss. After last week upside we saw profit booking in this week. On weekly chart zinc future price trend and momentum both are down and prices trading below major averages and with bearish signals. On chart below 195, zinc price will remain weak and sell and on downside 171 and 135 are long term bearish targets. We already saw 171 low in previous weeks and now if this fresh downside move breaks below 171 then expect 135 rupee levels for zinc futures.

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Zinc future technical analysis for December 2018

Zinc future daily chart technical analysis

Zinc future on Friday closed at 180.2 with gain. Zinc future after downside up to 175 rupees, now showing some bounce back moves and trading above major short term averages. Still trading below major averages with bottomed out signals on indicators and oscillators.

For month of December, mcx zinc has major resistance around 182 rupee and below it expect downtrend to continue and might show lower levels up to 170 and then possibly 163. But if gives breakout above 182 rupee then expect sharp short covering rally up to 190 to 201 rupees. Current move is heading towards 182 rupee resistance so that will be near term target.

Zinc future weekly chart technical analysis

Mcx Zinc future this week closed at 180.2 with loss. This was second losing week for zinc prices but we saw smart recovery from 174 rupees lows. On weekly chart zinc is in downtrend and trading below major averages with bearish signals on indicators and oscillators.

From long term view, for zinc futures, 195 rupee level is make or break level and above it expect upside rally and investment target of 234. But below it zinc future will remain weak and sell and will head for 171 which is already done in august and in September. And in November we saw low near 174 rupees. Below 171 next long term support will be around 132 rupees.

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Zinc weekly: Hit 181 Sell TGT, now watch for 193 resistance

Zinc future technical analysis for 19 to 23 November 2018.

Zinc future daily chart technical analysis

Zinc future on Friday closed at 192.2 with gain. Zinc future after downside up to 180 rupees, now showing some bounce back moves and trading above major short term averages. Average support zone lies around 187 to 189 rupee levels. Daily chart stochastics is around 66 and with buy signal given around 182 rupees levels while MACD is below zero but with rounding bottom suggesting recovery rally.

For month of November, mcx zinc below 193 was bearish and on downside 181 was first bearish swing target which is done and zinc prices taken support around those level and bouncing back towards 193 resistance zone. If gives breakout above 193 then expect buying as well as short covering rally up to 200. While below 181 expect another breakdown and lower levels up to 174 rupees.

Zinc future weekly chart technical analysis

Mcx Zinc future this week closed at 192.2 with gain. After last 2 weeks sell off this week, we saw some short covering as well as some value buying on lower levels. Zinc prices still below major average but indicators and oscillators are bullish and suggesting upside for zinc prices in medium to longer terms.

From long term view, for zinc futures, 195 rupee level is make or break level and above it expect upside rally and investment target of 234. But below it zinc future will remain weak and sell and will head for 171 which is already done in august and in September.

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