ZINC LONG/SHORT/MEDIUM TERM ANALYSIS
Zinc future price
seems ready to move towards new heights amid growing volatility. Fresh short
positions created after its entry into a recently new trading zone may fuel
this rally to maintain its strength for some more time whenever a downward move
appear in near terms. This may result in growing volatility in forthcoming
weeks.
On analysis of the movement of zinc futures price in
different time zones since my
last analysis, I conclude three "Decisive Zones", breakout
direction out of these "Decisive Zones" will finalize a directional
move very soon. Aggressive Volatility will follow every move which may create
confusion among the traders. High alertness is best approach before creating a
fresh position
Imp Note. Credit for this post goes to its original writer Mr satendra singh